Is the vehicle a lease: Yes 2025

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The document is a Delaware Division of Motor Vehicles Form No. 212, used for applying for a vehicle title. It includes sections for applicant information, vehicle description, lienholder details, and trade-in information. The form outlines requirements for submission, including the need for original documents and specific identification. It also specifies conditions regarding leased vehicles and the use of Power of Attorney. The document emphasizes accurate reporting of vehicle information and compliance with federal laws.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the leasing company name in the designated field. This is crucial as it identifies who holds the lease.
Fill in your personal details, including your name, mailing address, and contact information. Ensure accuracy for smooth processing.
Provide detailed vehicle information such as year, make, model, and Vehicle Identification Number (VIN). This data must match existing documentation.
Complete the odometer reading section accurately. If applicable, check the box indicating whether the mileage is actual or not.
If there are any liens on the vehicle, enter the lienholder's name and address. If none exist, write 'none' and initial.
Finally, review all entries for accuracy before signing. Use our platform’s features to save or print your completed form.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between owned and leased?

With leasing, you dont own the vehicleyou get to use the vehicle until your lease contract is up. So youre paying for the use of the car, rather than actually paying for the car itself. You do, however, have the option to purchase the vehicle from the lessor at the leases end.

How to know if a car is financed?

Contact the seller. Before requesting a check, its worth asking the seller directly whether the vehicle is under finance.

What is considered a leased vehicle?

During the lease term, you make monthly payments to the leasing company for the use of the vehicle. These payments are based on factors such as the vehicles depreciation value, lease duration, and interest rate.

How do you check if your car is paid off?

With the VIN, you should be able to check lien status on your states DMV website.

How do I know if my vehicle is owned, financed, or leased?

Ownership. You will have to return the car to the dealership at the end of a lease term. But if you finance a car, you will own it outright sell it, trade it in, or keep it.

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Is leased the same as financed?

Financing is designed for those want to achieve ownership. Leasing is an option that lets you pay for the portion of a vehicle you expect to use over a specified term, plus a rent charge, taxes and fees.