Is the Vehicle Title Obtained at the DMV for a New Car?
1 Answers
Yes, the vehicle title for a new car is obtained at the DMV. Introduction to the New Car Green Book: The Green Book is the registration certificate, which is issued to the owner on the spot by DMV staff at the inspection site when the new car is registered. The so-called Green Book refers to the "Motor Vehicle Registration Certificate," which records the vehicle's registration date and manufacturing date and is kept by the vehicle owner. Conditions for Obtaining the Green Book: You can only get the Green Book if you purchase the car in full. If you finance the car, the Green Book must be mortgaged to the lending bank or company. Once the loan is fully repaid, you need to take the Green Book to the DMV to release the mortgage.