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I've paid off all my vehicles prior to doing any type of trade-ins. Rolling over a prior loan into a new one is never a good financial deal or move. The general process of paying off a car is an easy one. If you have access to your account online, just request a 5, 7, or 10-day payoff quote from the lender/loan holder, which most likely you can see immediately (within a few seconds), then make an online payment for that exact amount, that's pretty much it from your end.
The lender/loan holder, then notifies you about the payoff intent, cancels the loan in addition to any recurrent scheduled payments since the payoff will cover the remaining monies owed. Lastly, several weeks later the lender will send the title in the mail. This is the original title with the lien still on it, but they will add a payoff note to it and you will get a letter confirming the payoff. Also, if the actual amount owed changes by the time your payment is received by the lender/loan holder, then they will issue a check for the overpayment difference.
Additionally, if you want a "super clean" title, that is, one with no lien and payoff notes, you will have to go to your Tax County office or DMV and request one in exchange for the original title. Good Luck with the process and congrats.
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