Can I Get the Green Book When Buying a Car on Installment?

[VanJuliana]

When buying a car on installment, you cannot obtain the green book until the loan is fully repaid. Generally, the vehicle title (green book) is mortgaged to the financial company during the installment period. Only after the loan is completely paid off, and the necessary documents are prepared and submitted, can you retrieve the title. Below is more relevant information: 1. Reason: Since the car is purchased with a loan, the bank or auto finance company holds the green book as collateral to prevent the owner from selling the vehicle before the loan is fully repaid. The green book is essential for transferring ownership; without it, the vehicle cannot be resold. Typically, traffic police do not check the green book. Once the loan is settled, the bank or finance company will issue a certificate, allowing you to visit the DMV to complete the mortgage release procedure and reclaim the green book. 2. Notes: Higher auto loan interest rates result in larger repayment amounts for consumers. If the vehicle registration certificate (green book) is lost, it can be reissued. The vehicle owner must bring their ID, vehicle license, and the car to the DMV for reissuance. Once reissued, the new registration certificate will be recorded in the system.