If a vehicle sells for less than the existing lien, the seller is responsible for paying the difference at the time of the sale. At PSX, we'll process the loan payoff making the process more seamless for the seller and safer for the buyer.
Sellers don't have to worry about their loan accounts remaining in good standing and buyers know that they will receive the vehicle's title once it's released by the lender.
PSX doesn't currently offer payment plans on underwater balances, but we're happy to advise you on the best option for your situation. Be sure to speak to a PSX Agent before listing your vehicle if you aren't quite sure how you'll pay your remaining loan balance.
You'll be able to pay your balance directly to PSX through ACH payment or with a debit or credit card. Please note, we only accept card payments up to $25,000 including fees.