<P> Many illegal street races of the 1950s, glorified in movies, featured racing for vehicle titles, henceforth the popularity of the term "racing for pink slips," and the 2005 - 08 Speed series Pinks was developed from it . Also, in The Price Is Right, the pricing game Gas Money features contestants trying to avoid the actual retail price of the car; that price is marked with a pink slip . </P> <P> In the United Kingdom, there is not an equivalent of a vehicle title . Instead, there is a document known as the' vehicle registration document', and is issued by the Driver and Vehicle Licensing Agency (DVLA). The current version has the reference number V5C . Prior to computerisation, the title document was the' log book', and this term is sometimes still used to describe the V5C . The V5 document records who the Registered Keeper of the vehicle is; it does not establish legal ownership of the vehicle . These documents used to be blue on the front . However, they were changed to red in 2010 / 11 after approximately 2.2 million blank blue V5 documents were stolen, allowing thieves to clone stolen vehicles much more easily . </P> <P> Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan . In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and / or purchase a roadside service plan . Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth . The borrower also risks losing the car to the lender if the loan is not paid back . These type of loans are marketed as small emergency loans . </P>

When do i get the pink slip on my car