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Your car (or other real/chattel property) is capital which can be used directly for gain (e.g., commuting to work, driven for hire), loaned, used as collateral in loans, have its likeness or image used, amongst other potential financially-beneficial actions, all without sale or transfer of title.


What kind of collateral does not involve putting the title as the collateral?


Point, though so long as the terms of the loan are met, possession does not transfer.

The broader point of my comment remains: a vehicle is a useful asset even without transferability.




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