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If your question relates to an auto loan, as soon as you pay off the loan, the lender will forward you the original title and the lien holder box (indicating who has a lien on the vehicle title) will be signed (indicating it has been satisfied and released).
Once you have the vehicle title properly signed, you can freely trade or sell the vehicle.
If you sell the vehicle as part of a trade with a dealer they are willing to take the vehicle and upon payoff, they will get the title directly from the lender. (You'll be signing a release and authorization as part of the transaction.)
Wiki User
∙ 12y ago
Wiki User
∙ 10y agodime finance the loan to my car which has been paid off. Where do i go to get a letter stating that the car has been paid off so that i can sell the vehicle
Wiki User
∙ 8y agoCall Capital and ask for your pay off letter. It helps if you have the account or loan number.
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how?
Lien release from the dime savings bank of new york for a paid auto loan?
yes
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