[Skates1616]

You will need a title to the car if you ever want to get rid of it, it’s even needed at a junk yard.

You won’t get a title without making the payments…

[jjav]

You don't necessarily always need a title, just write a Bill of Sale to the buyer. This is fairly common particularly with older cars or cars that have been converted to racecars (but still quite street-legal).