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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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leasing related question...
For some reason I cannot find the title to the car I am leasing now - I need it to return the car - do I go to the DMV to get a copy? Is it possible to get a copy??
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Posted 7/1/08 10:41 AM  |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: leasing related question...
You don't get a title when you have a leased car. The lien holder has the title. Or at least that's how it works with our trucks.
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| Posted 7/1/08 10:42 AM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: leasing related question...
Posted by Jennifer907
You don't get a title when you have a leased car. The lien holder has the title. Or at least that's how it works with our trucks.
thats how it worked in the past for me too, except this time with Honda I actually got it, it was weird but there name is on it, not mine
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| Posted 7/1/08 10:43 AM |
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MommyTeffi
Yummy!!!
Member since 2/06 1827 total posts
Name:
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Re: leasing related question...
You do not get the original copy since it is a lease. You have to contact your leasing company for a copy.
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| Posted 7/1/08 10:46 AM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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Re: leasing related question...
I contaced my leasing co. They told me that in NYS you hold the title. I just ordered a new copy online so hopefully I will get it tomorrow - and hopefully I didnt screw up the process!!!
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| Posted 7/1/08 10:53 AM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: leasing related question...
Posted by MrsR
I contaced my leasing co. They told me that in NYS you hold the title. I just ordered a new copy online so hopefully I will get it tomorrow - and hopefully I didnt screw up the process!!!
as a leasee, or whatever the call us people that lease, you should not have possession of a title as you do not own the car.
Message edited 7/1/2008 11:04:15 AM.
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| Posted 7/1/08 11:03 AM |
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debsey75
My two best friends!
Member since 11/06 5879 total posts
Name:
Debbie
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Re: leasing related question...
I had the actual lease title with Honda as well. It was called their Smart Lease Program and you were given the official title. They no longer do it.
I hope you get the new one in time. 
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| Posted 7/1/08 11:10 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: leasing related question...
I have a true lease
not a ballon payment - smart buy
and I do not have the title
the bank is the owner of the car not me
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| Posted 7/1/08 11:40 AM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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Re: leasing related question...
well I called the dealership and its ok if I hand them the title when I turn in the car. At least I won't have a problem with that.
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| Posted 7/1/08 12:56 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: leasing related question...
Posted by MrsR
well I called the dealership and its ok if I hand them the title when I turn in the car. At least I won't have a problem with that.
Glad it worked out.
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| Posted 7/1/08 12:57 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: leasing related question...
The leasing laws have been flipped back and forth so many times in the past 5 years, so you may or may not have a copy of the title.
Due to the vicarious liability law, several years ago, NY state opted out of leasing where the banks hold the title... That's where the Smart Buy came in - essentially a lease, but where the lessee holds the title, and thereby limiting the bank (i.e., lien holder) from any huge payouts in case of the lessee's accident and damages.
I'm not sure of the currents laws, but I do believe now that some banks are holding the titles again. I leased my truck in early 2006 and do not have the title in my possession. GMAC does.
Message edited 7/1/2008 10:04:16 PM.
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| Posted 7/1/08 10:01 PM |
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