Help With Selling #1 Car at Auction - Mecum Indy?

[Stefano]

Contact your consignment agent at Mecum.

Of course your plan is the easiest, pay off the loan and have free and clear title to the vehicle at the auction.

Your bank will provide you with a payoff letter. This will state who gets paid for a lien release as well as the principal balance due at a given date. It should also include a per diem amount which is due until the note is paid off.

Once the note and lien are settled, the auction will release the balance of funds to you.

The auction may announce T/A or title absent when your car crosses the block if the bank doesn't release the title in advance.