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I had a similar conversation years ago with the insurance company of the person who totalled my *less than one year old vehicle*.

"who has the title", she asked?

"I do", I replied.

She then went on to explain to me (in very simplistic language, because I was obviously too stupid to understand what she meant) that when you buy a vehicle, you theoretically "own" the vehicle, but someone like a "bank" or a "dealership" actually holds the title until it is paid for.

I waited for her to finish then said, "yes but I paid for it in full with cash and have the title ...right here in my hand".

Moments of dead silence while she tried to figure that out. Then just "oh".

Feels GREAT!!!

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