Overview
No, you don’t have to pay off your loan or lease before selling. The buying dealer will handle the payoff as part of the transaction.
How it works
Loans: The dealer sends the payoff amount directly to your bank. If your car is worth more than the payoff, you’ll receive the equity.
Leases: Some banks restrict lease buyouts to franchise dealers. With Bidbus, this isn’t a problem — our franchise dealer network is authorized to handle lease payoffs.
Support
💡 A Bidbus rep is always available by text or email to walk you through your specific loan or lease situation. Be sure to save our contact.
In short
You don’t need to clear your loan or lease balance before selling. Dealers handle it for you — making the process seamless and stress-free.