PAID UP!

[Mighty Little Blue]

His title should come with a release signature from the lender. Maybe he was talking about going to his DMV and having a new title issued in his name only removing the lien holders name. Which the release signature would do without added expense.

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[got3fords]

His title should come with a release signature from the lender. Maybe he was talking about going to his DMV and having a new title issued in his name only removing the lien holders name. Which the release signature would do without added expense.

Here is Duck.ai's response:
Who’s on the car title depends on how the loan and purchase were arranged:

• If you bought the car and financed it in your name only: the title usually lists you as the owner and the lender as a lienholder (the lender’s name appears as lienholder until the loan is paid).
• If you and someone else jointly bought/financed (e.g., spouse, partner, co-borrower): the title typically lists both owners’ names (and the lender as lienholder).
• If the lender (or a dealer) placed the car in another person’s name (rare): that person will be the titled owner; the lienholder will still appear.
• If the car is leased: the leasing company is the titled owner (not the lessee).

Not sure how my 5G loan was handled, it was through a local credit union. I did absolutely nothing when I made my last payment. Title showed up in the mail.

 

[Anaid1970]

Made my last payment today! Paid off a 5 year loan in 3.5 years. My 2022 (bought new) has currently 38,000 miles on it. Definitely should be good to go for another 100K, and yes, I already had one transmission fluid and filter change.

At around 50K I will have the spark plugs and rear differential fluid changed (rear differential changed at 10K), and at 60K have the transmission serviced again.

HAPPY FRIDAY EVE ALL!!

Nice, that’s a good milestone — knocking a 5-year loan down to 3.5 years isn’t easy, especially with a newer vehicle.

Sounds like you’re already ahead of the maintenance curve too, which is probably why it should last you a long time. A lot of people just drive until something breaks and then wonder why it gets expensive.

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At that mileage you’re basically still in the “barely broken in” phase anyway, assuming it’s been serviced properly. If you keep up with what you’re planning (fluids, plugs, etc.), 100K+ more shouldn’t be a problem.

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