The Bank will be the holder and be the keeper of the title - I'm just a renter of the vehicle till it's payed off in 48 months.
The (BofA) Bank will only perform loan transactions with either an approved Dealer or Private Party.
Becareful with some of the Car Title Loan Companies - Interest rates are about 25 percent per month for the first three months and then drop down to about 12 percent per month.
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