Who can pay off a vehicle loan?

The ability to pay off a vehicle loan is typically not restricted to just one party involved in the transaction. Both the customer and the dealer can make payments to settle the loan. This flexibility exists because dealerships often have arrangements with financing institutions that allow them to manage the loan payoff process on behalf of the customer. Additionally, customers may choose to pay off their loans themselves, using their own finances.

In some cases, family members might also have the ability to assist in the payment process, but this is less common and would typically depend on the policies of the lending institution and the agreements made at the time of financing. Thus, the correct understanding is that either the customer or the dealer can complete the loan payoff.