We recommend wire transfers or cashier’s checks for payment, but there are many possible options. We do recommend discussing the potential timeline with the seller as early as possible to ensure that you’re both comfortable with the timing and steps.
Note that some states can take several weeks to reissue a title once the loan has been satisfied. Additionally, some states require titles to be notarized by the seller before it can be transferred to you, so pay attention to those rules – and reference state DMV websites – before sending important documents.