The steps
- Request a 10-day payoff quote and payment instructions from your lender
- Get a written offer and compare it to the payoff
- The buyer sends the payoff to the lender; you receive any equity
- The lender releases the lien and the title moves to the buyer
- File a Vehicle Transfer Notification with TxDMV within 30 days
If you owe more than the car is worth
Negative equity does not stop a sale. You pay the difference to the lender, either at closing or before, so the lien can be released.
Frequently asked questions
Does VendacarUSA handle the loan payoff?
Yes. Existing loan payoffs are handled directly with your lender.
How long does the lien release take in Texas?
Electronic titles often clear within days of payoff. Paper titles mailed by the lender can take a few weeks.
Ready to see a real number on your car?
Tell us the year, make, model, mileage and ZIP and a VendacarUSA buyer follows up with an offer. Already submitted? Track your offer here.