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If you finance a car, the pink slip will be registered in your name, but the finance company will also be listed on the slip as a lien holder and they will also hold on to the actual pink slip until you pay the loan off or sell the car. It's still registered in your name, so you can insure it. A car insurance company out here will not put the car on your policy, unless you are the registered owner.
It's safe to say, the issue will be different from state to state.
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Make sure to check out my balls in the Pelican Parts Catalog! 917 inspired shift knobs.
'84 Targa - Arena Red - AX #104
'07 Toyota Camry Hybrid - Yes, I'm that guy...
'01 Toyota Corolla - Urban Camouflage - SOLD
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