Why does the DMV withhold the green vehicle title?

[Henry]

Because only when you purchase a car with full payment can you obtain the green title. For cars bought with a loan, the green title must be mortgaged to the lending bank or company. After the customer fully repays the loan, they need to take the green title to the DMV to release the mortgage. Otherwise, the ownership of the car still belongs to the lending company. Introduction to the Motor Vehicle Registration Certificate: The so-called green title is the 'Motor Vehicle Registration Certificate,' which is equivalent to a person's household registration booklet. It records the registration date and the manufacturing date, is kept by the vehicle owner, and is generally not used daily, nor is it carried with the vehicle. Importance of the Motor Vehicle Registration Certificate: It is essential when transferring vehicle ownership. If the car is mortgaged for a loan, the lending company usually withholds the green title. Losing the green title means you only have the right to use the vehicle but not the right to sell it.