How It Works

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Increased Speed
  • Providing auto dealerships with a solution to process trade-in payoffs electronically will streamline the procedure, increasing the overall speed of the transaction and a reduction of misapplied funds

  • This will allow auto dealerships the ability to effectively manage payoff transactions and inquire about title status of trade-in vehicles that have been paid-off.

  • Funds are processed electronically, eliminating the lengthy time associated with waiting for a payoff check to arrive

Improved Accuracy
  • By developing a web-based application that will provide auto dealers with up-to-date trade-in payoff information from participating lenders, we can improve accuracy of the payoff information.

  • Once the electronically transmitted funds have been received and verified by National Express Payoff, they will be transmitted to the lender, who will then release and send titles per submitted release instructions