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.)
dime 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
Call Capital and ask for your pay off letter. It helps if you have the account or loan number.
how?
yes
Check with your title company to see if they have recorded the deed of release. If so, they should be able to get you a copy. Otherwise, the bank should be able to tell you where the release is in the process. It does take some time for this to happen.
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