[Gatte]

I am selling my car from California to a buyer in AZ. I have a payoff quote from BMW that is good till the 13th of Feb. I have financed my car and my next payment is on the last day of February.

I have the following questions:
1, Will the payoff quote become lesser if I request it again towards the end of the month (Like February 25th).
2, If I made the payment right away, will BMW financial services return me some of the money later (End of February).

Also how do you transfer a title from CA to a buyer in AZ if you have financed your car.

[Tralfaz]

Originally Posted by Gatte

I am selling my car from California to a buyer in AZ. I have a payoff quote from BMW that is good till the 13th of Feb. I have financed my car and my next payment is on the last day of February.

I have the following questions:
1, Will the payoff quote become lesser if I request it again towards the end of the month (Like February 25th).
2, If I made the payment right away, will BMW financial services return me some of the money later (End of February).

Also how do you transfer a title from CA to a buyer in AZ if you have financed your car.

They should give you an exact date on which the payoff would need to be made. After that date I would expect the payoff amount to go up (due to interest). So if you request the quote again for the 25th it will likely be a little higher since you will owe the interest that accrued from the 13th to the 25th.

When I bought a motorcycle from a guy with a loan I basically met him at a bank, paid off his loan and wrote him a check for the amount above his payoff he was asking for. Then I believe the lender was informed that the title should be mailed to and transferred to me. At that point the rest was in my hands. I had to go to the vehicle registration office, pay the sales tax, and fill out the registration paperwork.