Thread: car payoff
View Single Post
Old 01-21-2024, 06:18 PM   #5
IMCWORTH
 
IMCWORTH's Avatar
 
Drives: 2023 Camaro Convertible ZL1 A10
Join Date: Mar 2023
Location: CA
Posts: 169
Quote:
Originally Posted by arpad_m View Post
I've paid off all my vehicles. The general process is that I request a 10-day payoff quote from the lender, then make an online payment to that exact amount, that's pretty much it from my end.

The lender then notifies me about the payoff, cancels the loan and sends the title in the mail. This is the original title with the lien still on it, which they also add a payoff note to. If you want a "squeaky clean" title, that is, one with no lien and payoff notes, you go to your DMV and request one in exchange for the original title.
I have never had to go to DMV for a title transfer. The loan company has always taken care of it. Maybe it's a California thing
IMCWORTH is offline   Reply With Quote