Can The Manufacturer’s Certificate of Origin (MCO) Be Obtained After Financing

Can The Manufacturer’s Certificate of Origin (MCO) Be Obtained After Financing

The Manufacturer’s Certificate of Origin (MCO), also called a Manufacturer’s Statement of Origin (MSO), can be obtained from the original seller for all new unregistered vehicles by purchasing the vehicle without financing (i.e. paid in full). Manufactured vehicles are not automatically registered with any state or nation. So, there is no title or registration when they are first sold. The “pink slip” MCO can, and should, be requested immediately after signing the paperwork - do not leave the dealership without it in hand. Without this document, the legal title to the vehicle is actually owned by the State where the vehicle was first registered. It is due to this that we will need to obtain the MCO and reclaim legal title alongside our equitable title, allowing the vehicle to be placed inside the private realm.

When financing is acquired, then the dealer will turn in the MCO at the DMV for state title and registration certificates. The lender financing the purchase will keep these until the loan is paid off. Once the Certificate of Title is back in hand, the MCO can be requested from the DMV. Remember, a Certificate of Title acts like a “license” to use an asset, it is not title in fee simple giving both legal and equitable title to the vehicle - that’s what the MCO shows.

NOTE: If the vehicle has been retitled in a new state upon moving, the original state still has the MCO. Find the State that holds the current title to the vehicle and get that State’s DMV’s DRIVER / INDIVUAL RECORDS REQUEST Form for the Vehicle’s Title History / Record. This may also be done online, given the state’s availability for such services.
    • Related Articles

    • What Are The Benefits of Private Insurance & Holding The MCO / MSO For A Vehicle

      The Manufacture's Certificate of Origin (MCO) or Manufacturer’s Statement of Origin (MSO) can be obtained from the original manufacture / authorized dealer (i.e. the Kia dealership has the MCO / MSO for their Kia cars but not for other brands on ...
    • Financing Return

      Returns on financed purchases are not accepted. The lender and broker keep ~30% of the purchase up front and we are only paid out monthly after each successful repayment is made by the borrower. There is little to nothing available for refund until ...
    • How Does Financing Work for Half Your Mortgage

      We currently have (2) ways to pay: a full one-time payment via credit card(s) or 24-months pre-approved financing for up to $25K (e.g. guaranteed approval for good, bad, no credit). Each lender will require a credit check to qualify for a loan. ...
    • Seller Financing A Home With Bulletproof Trust

      Seller financing is a type of real estate agreement that allows the buyer to pay the seller in installments rather than using a traditional mortgage from a bank. A lender, who is not the homeowner, will often reject seller financing if the home is ...
    • What Is Premium Financing & How Is An Insurance Policy Used As Collateral

      Premium financing is the ability to borrow yearly against one's whole life policy. One will approach different banking institutions who will collaterally assign this insurance policy just like a mortgage or any other loan. The institution will then ...