Loan payoff
Still owe on your car? We handle the payoff.
We work with your lender end to end. If the offer beats the balance, you keep the equity in cash.
How the numbers work
Equity or balance — we walk you through it
01
You have equity
Offer is higher than the loan balance. We pay the lender; you keep the difference.
- Our offer
- $25,000
- Loan balance
- $18,000
- You receive
- $7,000
02
Balance exceeds offer
Offer is under the payoff. You cover the gap at closing — we still clear the lien and paperwork.
- Our offer
- $20,000
- Loan balance
- $22,000
- Gap at closing
- $2,000
Clearing a loan can stop further depreciation and end monthly payments, insurance, and maintenance on that vehicle.
The process
From offer to paid-off loan
Direct with your lender. Clear paperwork. No fee for the payoff itself.
Get your offer
Same-day cash number based on the car — not your loan balance.
Payoff quote
We request the 10-day payoff amount directly from your lender.
Complete the sale
Sign paperwork, hand over the keys. We handle the rest.
Loan paid off
We pay your lender promptly and send you any equity.
Lenders we work with
- Chase Auto
- Bank of America
- Wells Fargo
- Capital One
- Ally Financial
- TD Auto
- US Bank
- PNC Bank
- Credit unions
- GM Financial
- Toyota Financial
- And many more
From a seller
“They offered me $19,500, worked with Chase on the payoff, and I received $4,500 — clear process, no games.”
FAQ
Loan payoff questions
How do you pay off my loan?
We work directly with your lender for the payoff amount and send payment after purchase. You don’t have to coordinate the paperwork.
What if I owe more than the offer?
You can cover the difference at closing, or we’ll walk you through options. Many sellers still choose to clear the loan and move on.
How long does the payoff take?
Most lenders process payment within a few business days. You’ll get confirmation when the loan is satisfied.
Do I need to contact my lender first?
No. Provide your account details and we handle communication with the lender.
Will this affect my credit score?
Paying off an auto loan is typically neutral to positive — it reduces debt and can improve your debt-to-income ratio.
Ready to clear the loan?
Same-day offer. We handle the payoff. You keep any equity.