Where is my car title kept if I have a loan?

I was preapproved for a car loan and I finally found the vehicle I want to purchase. I’m scheduled to sign all the paperwork tomorrow. After I sign the contract, where is my car title kept?

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Answer provided by
Jack Walsh
Answered on Nov 30, 2021
Congratulations! Finishing up all the paperwork so you can get the keys is exciting! When you have a car loan, the title is kept with the lender in 41 states. In the other nine states, the owner of the vehicle (you) holds the title. These states include:
  • Kentucky
  • Maryland
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • New York
  • Oklahoma
  • Wisconsin
If you don’t live in one of the states above, the lender typically holds onto the title while they are the lienholder. Once the loan has been repaid, the lender will return the title to you by mail.
When finishing up paperwork tomorrow, remember to provide proof of insurance if you haven’t already.
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