It's not owned by the bank until you foreclose, after which it's most certainly owned by the bank.
As an aside, how often is it for the manufacturer/dealer to own the bank that issues auto loans. I got mine from Capital One, and I assumed most auto loans outside of the sketchy loanshark used car dealers were issued by the big national banks
As an aside, how often is it for the manufacturer/dealer to own the bank that issues auto loans. I got mine from Capital One, and I assumed most auto loans outside of the sketchy loanshark used car dealers were issued by the big national banks