Comment Re:You're dying off (Score 1) 287
Umm, I think you are confusing the vehicle Registration with the vehicle Title. If you buy a car and have car payments, whatever institution you're paying that money to holds the Title for the vehicle until the loan is paid off. That means the institution actually OWNS the vehicle as they hold the Title. The Title is then transferred to you once the vehicle is paid off and you then own the vehicle.
I'm glad I dont live where you live.
In most civilised countries a loan does not give the lender ownership rights, it only places an encumbrance on the vehicle. This is certainly the case in most countries based on Common (British) law. This means you have the right to sell the vehicle but if the vehicle is being used as security for a loan, the lender must be paid first. The only rights the lender has in a sale is to demand that the purchaser pay the lender the remainder of the loan first but this is only done when the debtor is believed or known to be untrustworthy (this is very rare in Australia).