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Zoey_ JD
Zoey_ JD, JustAnswer Criminal Law Mentor
Category: Criminal Law
Satisfied Customers: 26463
Experience:  Admitted to NYS Criminal defense bar in 1989. Extensive arraignment, hearing, trial experience.
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My car is paid i have the titlle but it is impounded can i

Customer Question

my car is paid for and i have the titlle but it is impounded can i borrow money against it
Submitted: 1 year ago via Cornell Legal Info Institute.
Category: Criminal Law
Expert:  Zoey_ JD replied 1 year ago.

Hello,

Theoretically, yes you can borrow against the car because the car remains yours even though it is not in your possession. However, as a practical matter, a lender would be unlikely to advance you funds under this situation.

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