Precise auto loan payoff quotes with per diem interest.
For auto loan accounts, Method can retrieve payoff quote information:
The exact amount needed to pay off the loan in full
Per diem (daily interest accrual)
Validity period for the quote
This is critical for auto refinance products and loan payoff features, where the payoff amount must be precise and timely. Because interest accrues daily, a payoff quote from last week may be inaccurate today. Method’s Payoff product provides fresh quotes with clear validity windows, so your product can confidently present accurate numbers and initiate payoff payments when the user is ready.