Car Titles-What are they?
What is the car title?
A car title is the document used by states showing vehicle ownership. This document is filled in with information about the owner, vehicle ID number, millage and vehicle type. Every car manufactured must be titled and licensed to operate on the highway.
If the vehicle is financed the title may be retained by the finance company or bank until it is paid in full. When the vehicle is traded or sold the title is transferred to the new owner showing the buyer as the owner.
Check your state for fees.