question about selling my car?

You negotiate a price and if that does not cover the whole loan, you are responsible for the rest. You said trade in so the remainder of the loan will generally just get tacked onto the next car. It sort of depends on the amount and what car you are trading for though. For instance say you still owe $5000 on the last loan and you are buying a used car that is worth $10000. Well the bank may be reluctant to loan $15000 on a $10000 used car so you will have to be getting a great deal on the next car or have some money to put down.

If you're in Great Britain, sure, it's!! If the auto is on finance, it's fully owned via the finance manufacturer, till the debt is thoroughly paid off. Therefore, it are not able to be legally bought till the finance is cleared. The regulation might good be exceptional within the U.S.A., however that is Y!A U.K. and Ireland, finally...