Quote:
Originally Posted by retiredguy123
Correct, except that there is always an electronic title, even if there is no loan. I have an electronic title, and I have never had a loan. I would recommend getting a paper title anyway. I paid $10 for my "paper" title, scanned it, and it is stored on my Google drive.
The only potential problem is that, if you sell the vehicle using only the paper title, the DMV will still show you as the owner of the vehicle. I guess this is because, unless the purchaser applies for a new title, the DMV has no way to know who actually owns the vehicle. The purchaser may have sold the vehicle to someone else.
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That's why you get a detailed receipt showing the sale to protect you. Then if the gov't says you still own the auto, you can prove you do not. I'm not wasting time going to the DMV with the buyer.