When financing a car, the title is generally held by the financing company or lender until the loan is fully paid off. This is because the lender has a security interest in the vehicle as collateral for the loan.
Once the loan is paid off, the lender will release the title to the borrower. In some cases, the lender may provide the borrower with a lien release document before the title is physically transferred.
It’s important to note that the specific details of title ownership may vary depending on the laws and regulations of the state or country where the car is being financed.
