Car questions.?

Question

My dad bought me a car, and wanted mw to change the title into my name. If that's the case does that mean the car is paid off already?

Answer 1

not entirely, he could put it under your name but still pay the car off or he could put it under your name and you would have to pay for it, i think.. not sure lol

Answer 2

Not necessarily.

If your dad has the title than it probably is paid off.

However, if there is still a balance on the loan than the bank/financial instution will probably be the one holding the title.  If the bank has the title, you will need to go to your DMV and they will issue a notice to the bank asking to send the title to them temporarily so they can change the name on the title.

Hope this helps.