[impl]

No. When you finance a car the lender gets a lien on the title. The title is still in your name. Usually one of the stipulations the lender places in their contract is that they hold the title for you in what is effectively "escrow" until the loan is paid off. Then they release the lien and send you your title.

The reason they do that is because a lien gives them the ability to, within a particular legal framework, get ownership of the car if you don't pay your loan, prevent the title from being transferred to someone they don't trust, etc. It's basically just risk mitigation.