Ten Day Payoff
When looking at a vehicle that you are trading in a dealer will need to know what your ten day payoff on the vehicle is. When they ask this question they are not wanting to know what the immediate payoff on the vehicle is, but what the payoff will be in ten days. This is because not all transactions of payment, verification of the transfer of funds, etc. can happen all in one day.
To find out what your ten day payoff is, just call up your lender and ask. Sometimes the lender will even have the option on their website.
This also plays a large roll in whether you have positive or negative equity which I cover on another page.