No problem. We pay off your loan or lease for you and automatically pay you the difference between your sale price and the payoff amount. Once Caramel submits a seller's loan payoff, it takes on average 5 to 10 business days for the lender to reflect the payoff.
During the checkout process, we’ll check for loans and leases, and we’ll confirm your lender or lessor and payoff amount. If you owe more than the price of your car minus any fees, we’ll charge you the difference and pay the full amount owed to your lender.
If you owe more than your sale price minus fees, we’re unable to provide financing or payment plans for this amount.
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