In observance of Labor Day, Jovia will be closed on Monday, September 7th.

Auto Loans

Enjoy more miles without the monthly payment!

Your auto loan is almost behind you, and that means something important: more flexibility in your monthly budget. Here’s how to wrap up your loan and put that extra money to work for your financial future.

Sparks

You’re Almost at the Finish Line

You’ve been making great progress on paying off your auto loan, and you’re just about there. Before you fully celebrate, there are a few important steps to make sure everything is wrapped up cleanly and your ownership is fully updated.

At Jovia, we’re here to help you through every step,
even after the road ahead no longer includes a car payment.

Steps After Paying Off Your Auto Loan

All About Your Title
A Quick Insurance Update
Check In on Your Credit Health

Once your auto loan is paid in full, the next step is making sure your vehicle title reflects you as the sole owner.

Your title may be held electronically or by your local DMV. Once your loan is satisfied, we will submit your lien release to the DMV, typically within 5 to 10 business days.

From there:

  • The DMV processes the update based on their timeline (typically 10 to 15 days, depending on location)
  • A lien-free title will be mailed or issued electronically to you
  • You should keep your updated title in a safe place for future use, such as selling or transferring your vehicle


Make sure your contact information is current in your account so you don’t miss important documentation.

Once your loan is paid off, be sure to contact your insurance provider to remove the lienholder from your policy and confirm your coverage is up to date.

Paying off an auto loan is a big milestone, and it’s a great time to check your credit score.

You may notice a small, temporary change in your credit score after the account closes, which is normal. What matters most is staying informed and keeping an eye on your overall financial health.

Did you know you can access your credit score on Jovia’s Online and Mobile Banking?

Here’s how

More Money in Your Pocket, Now What?

Underlines


With your auto loan ending, you now have an opportunity to redirect that monthly payment into something meaningful.

At Jovia, we believe brighter banking means helping you make the most of every dollar.

Here are a few ways members often put that extra room in their budget to work:

Checking

Strengthen Your Everyday Financial Setup

Start by making sure your day-to-day banking is working as efficiently as possible. A strong checking account setup can help you organize spending, automate payments, and keep everything running smoothly in one place.

Plus, you can get a $150 bonus1 when you open a first-time Jovia checking account with direct deposit.

Checking

Personal Loan

Pay Down or Consolidate Debt

If you’re managing multiple monthly payments, consolidating debt into a single personal loan can simplify your finances and potentially reduce your overall monthly burden.

Our personal loans offer competitive rates, flexible terms, and no collateral required.

High Kick

Savings

Put Your Money Toward Future Goals

Once your foundation is in place, you can start thinking longer term. Whether it is saving for your next vehicle, building a cushion for unexpected expenses, or planning for future milestones, redirecting your former car payment can help you get there faster.

Planting

Why Members Choose Jovia

As a not-for-profit, member-owned financial institution, we focus on returning value back to our members through better rates, fewer fees, and personalized support. That means your financial journey does not stop when your auto loan ends. It evolves, and we’re here to help you make the most of what comes next.

Paying off your auto loan is a big milestone, but it is also an opportunity. Whether you want to simplify debt, strengthen your everyday banking, or plan for the future, we are here to help you put that extra monthly payment to work.

View current promotions

Road Trip

1Offer available for new, first-time Go Green and CareFree Checking accounts. Must have a qualifying recurring direct deposit of at least $500 in the checking account. The qualifying direct deposit must credit the account three (3) times within ninety (90) days of account opening. Must be your first checking account with Jovia Financial Credit Union. Members with current or prior checking accounts are not eligible for the cash bonus. Must enroll in paperless statements. Qualifying direct deposits are regular, periodic automated clearing house (ACH) credits, which may include payroll, salary, pension, or government payments (such as Social Security). Person-to-person transfers, check deposits, external bank ACH transfers, or other electronic money transfers, such as those made through PayPal, Zelle, Venmo, or others, do not qualify as direct deposit. Cash bonus will post automatically to the members’ checking account 30 days after requirements are met and will be reported as income on IRS form 1099-INT. Membership eligibility requirements apply. Rates subject to change without notice. All promotional offers can be withdrawn at any time and are subject to change without notice. Employees, volunteers, and affiliates of Jovia and their immediate families are not eligible. Jovia and its agencies assume no responsibility or liability for damages, losses or injury resulting from acceptance or use of any gift. Existing accounts and submitted applications do not qualify for promotional offers.

Jovia does not finance vehicles used for delivery, commercial, livery, taxicab or rideshare purposes. Jovia will not finance vehicles with salvaged or gray market titles. Vehicles financed by Jovia are for personal use only.