Loan Payoff

The official rules of the Luv Loan Payoff Sweepstakes are simple.

1. Any individual must purchase a vehicle from LUV Ford at 821 E Main St. Henryetta, OK between Jan. 1, 2025 to Dec. 31, 2025.

2. If an individual purchases more than one vehicle in that time each vehicle purchase will be an entry for that person. The winner will be selected on Jan.5, 2026 at 3:00 pm. This is a loan payoff; therefore, the winner's loan balance will be verified and that number will be used and that amount will be given to the lending institution less any fees such as forced placed insurance and late fees. 

3.  The winner must be in good standing with the financial institution that is the lien holder of the vehicle purchased.  In the case that the selected winner is not in good standing, LUV Ford will disqualify that customer then select another winner, and so on until one is found.  In the event that a customer paid cash for the vehicle then they will be reimbursed what they paid for the vehicle minus fees, and any negative equity on traded for vehicles with a cap of $50,000.  If in the event a loan was put on the winner's vehicle then that payoff amount will be the amount paid out and to that lending institution  minus fees, bank, company, state, governmental and negative equity monies. Vehicle lien's will be verified through governmental agencies for accuracy.  

4. Additionally, loan payoffs, fees accrued, and customer's standing with the financial institution will be verified with that entity.  Depending on the financial institution, the winning customer may be asked to sign and/or give LUV Ford permission to attain this information.  Failure to do so within 5 business days will result in LUV Ford disqualifying the entry and selecting another winner.