What happens after I make the last payment on my car loan?

What happens after you make your last car loan payment?

Once paid off, your lender will: 

Send you proof the loan is satisfied 

Release their lien on the vehicle

You’ll get the title showing you as the sole owner—no more payments, no lender involved!

Keep your payoff documents and title safe. 

Don’t forget to update your insurance to remove the lender as a loss payee.

Congrats — your car is officially all yours!