How do I check if my car loan is paid off?

I paid off my car loan—at least, I think so. How can I double-check?

Congrats—paying off your car loan is a big deal!
If you want to ensure that it’s fully paid, contact your lender to ask. It usually comes down to how you paid the loan off:
  • If you made all the monthly payments on time for the duration of your loan, you should be fine. Your lender may send you documentation and the title so that you can retitle the vehicle without a lienholder.
  • If you paid the loan early, check whether you only paid the principal balance. If so, you may have missed any interest that accrued. Your lender can provide a payoff letter outlining anything that remains.
Since you paid off your loan, you also have one more big decision: insurance coverage. While you can maintain full coverage, you may also want to switch to something more affordable.
Jerry helps you compare rates quickly to find the best price for the coverage you need. And when you’re ready to make the switch, Jerry takes care of all the paperwork, phone calls, and even helps cancel your old policy.
Eric Schad
Answered on Oct 26, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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