Money movement for the used-EV market
From winning bid to clear title, every dollar accounted for.
When a dealer wins a used EV at auction, ClearRail collects the funds, pays off the seller's loan, pays the seller what they're owed, and gets the title moving. Each step is recorded on one ledger, so everyone can see where the money is.
Buying dealer
$31,895
Winning bid + buyer fee
ClearRail
Held per deal
Released when funds are final
Lienholder
$18,420
Payoff by wire
Seller
$13,080
Equity, paid instantly
Title
Released
Transferred to the dealer
Four parties, one sale
A used-EV sale with a loan on it touches four balance sheets. ClearRail is the only one that sees all of them.
- Buying dealer
- The car, and a title in its name.
- Pays one amount by wire, ACH or floorplan line. Sees exactly when the title will clear.
- Seller
- Their equity, paid out the moment funds are final.
- No chasing a payoff letter or waiting on a check.
- Lienholder
- An exact payoff, wired before the quote expires.
- Releases the lien, electronically where the state allows.
- ClearRail
- A fee, and nothing else. Money in transit is tracked per deal.
- Holds funds until they can't be pulled back, then disburses and reconciles.
Built for the parts that go wrong
Money goes out only after it is final
ACH can be returned days after it settles. ClearRail holds those funds for a set window before paying anyone, so a returned payment doesn't become a loss.
Every dollar has an address
Each deal gets its own sub-ledger. At any moment you can see how much is owed by the dealer, owed to the lender, owed to the seller, and what has already moved.
Problems surface before the phone rings
Failed payments, payoff shortfalls and slow lien releases open an exception with the next action attached, while there is still time to act.
Follow one deal from bid to title
Seven steps, about two minutes. No sign-in needed.