My dad got me a Honda for my 18th birthday. I wish to pay off the remaining balance as a nice gesture and also so I can get a new car.
I would like for it to be a surprise.
I believe the loan account is joint because I can see it in my credit report and it is under joint responsibility status however I can’t see a loan account number there.
I told the dealership that has my next car that I will give them the extra cash needed to payoff the lien and they’re ok with it. Can they do this without any loan account number? Can they just send a cheque to Honda Finance with my VIN number and pay it off.
Now, in my understanding this makes 100% sense. That it doesn’t matter WHO pays off a loan just as long as it gets paid is all that matters. However there may be some completely idiotic rule that prevents this so that’s why I’m double checking here. I have the money to pay off the lien, I just need to pay it off. I can probably look around for old account statements that have the account number on it, but before I get to that stage I’m wondering if there’s any way to do it.