How a deal moves
One used EV, one loan, four parties. Follow the money from the moment the auction closes to the day the title changes hands.
Step 1 of 7Mon 10:00
A dealer wins the car
Bayside EV Outlet wins a 2023 Kia EV6 Wind at $31,500. With the $395 buyer fee, they owe $31,895.
The seller still owes $18,420 on a car loan, so ClearRail requests a payoff quote from the lender, good for ten days.
Where the $31,895 is right now
- Owed by the dealer
- $31,895
Title: Lender holds the title
Illustrative data. Use the arrow keys to move between steps.