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Payment due, Make it
There are no laws saying when a dealership has to pay off a trade in loan. In many cases, it takes up to 6 weeks. The responsibility for that loan is still yours until the dealership pays off the amount owed.
Rest assured though that any payments made to the capital one account will be refunded to you once the dealership does pay off the loan.
Here is what you can do though.
First, contact Capital One and request a deferment for unexpected circumstances. Since you still have not made your first payment on the new car, I would not inform Capital one that you traded the vehicle in for two reasons.
The first is that deals fall through all the time and if this deal is not completed, Capital One is still your lender.
The second is because a lender will not defer payments if you have traded the vehicle in.
This will keep your account in good standing while you wait for the dealership to finish the pay off. The amount of the ten day payoff is listed in the auction. The dealership is responsible for any interest beyond that period.