Is it necessary to mortgage the vehicle title when buying a car on loan?

[VanSerenity]

When purchasing a car on loan, it is necessary to mortgage the vehicle title. The title of a car bought with a loan is held by the bank as collateral, and the borrower must make timely repayments. Only after clearing all the remaining payments can the borrower go to the bank to release the title and remove the GPS devices. Cars purchased with loans are typically equipped with GPS trackers, usually two in number: one active and one passive. The active GPS requires power from the car's electrical system, while the passive GPS does not. It is essential to remove these GPS devices after the loan is fully repaid. Below is some information about buying a car on loan: Purchasing a car through financing is a popular choice among many consumers, as it allows them to drive their desired car in advance. Before the advent of car loans, buyers had to save up the entire amount to purchase a vehicle. With loan options available now, only the down payment needs to be saved up.