Yes. You can sell a car that still has a loan on it. We contact your lender, pay off the loan directly, and handle the title release. If your car is worth more than the payoff, you get a check for the difference. If it is worth less, you cover the gap — see our guide on negative equity.
What to bring
Your lender's name and your account number. A recent statement works. We also ask for a ten-day payoff quote — your lender can provide this by phone or through their app, and it tells us exactly what is owed including interest through the payoff date.
Bring a valid photo ID and both sets of keys. You will not have the physical title, because your lender is holding it. That is normal and expected.
What happens after you accept the offer
We send the payoff to your lender. Once the loan clears, the lender releases the title to us. You do not have to chase the paperwork or coordinate with the bank.
If your vehicle is worth more than you owe — positive equity — you receive a check for the difference. Depending on your lender, the payoff can take a few business days to fully clear, and we will tell you what to expect before you sign anything.
Keep making your payment until it clears
Do not stop making payments the day you sell. Until your lender confirms the loan is paid off, the loan is still yours, and a missed payment can hit your credit. If a payment lands after the payoff, your lender will refund the overage.
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Get my offerFrequently asked questions
What is a ten-day payoff quote?
It is the exact amount required to close your loan, including interest, if it is paid within ten days. Your lender can give you one by phone or through their online portal.
What if I owe more than the car is worth?
That is negative equity. You can pay the difference, or if you are buying a replacement vehicle, it can sometimes be rolled into the new loan. We will walk through both options honestly.
Do I need the physical title?
No. If you have a loan, your lender holds the title. We coordinate the release with them directly.