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My car is paid i have the titlle but it is impounded can i…

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my car is paid for...
my car is paid for and i have the titlle but it is impounded can i borrow money against it
Submitted: 2 years ago.Category: Criminal Law
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Answered in 3 hours by:
2/15/2016
Criminal Lawyer: Zoey_ JD, JustAnswer Criminal Law Mentor replied 2 years ago
Zoey_ JD
Zoey_ JD, JustAnswer Criminal Law Mentor
Category: Criminal Law
Satisfied Customers: 30,532
Experience: Admitted to NYS Criminal defense bar in 1989. Extensive arraignment, hearing, trial experience.
Verified

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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Zoey_ JD
Zoey_ JD
Zoey_ JD, JustAnswer Criminal Law Mentor
Category: Criminal Law
Satisfied Customers: 30,532
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Experience: Admitted to NYS Criminal defense bar in 1989. Extensive arraignment, hearing, trial experience.

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