Your auto loan payoff is the amount that you need to pay to release your auto loan. When you get an auto loan, the lender will hold onto the title of the car until you pay off the loan. Once you pay the loan off completely, the title will then be transferred to you. In order to find out how much the auto loan payoff is for your car, you simply have to call the financing company and get the final payoff figure. Whether you are planning on paying off the car with cash or if you are planning on refinancing your auto loan with another loan, you will have to obtain an auto loan payoff from the finance company that currently holds the loan for your car.
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