Selling a truck I still owe on.?

The loan on the truck has to be paid before or when you sell it.

Another loan for $5000 is a separate deal. And $5000 car loans are hard to get. Only state farm that I know of offers them.

Many places have $7500 minimums. Although I'm sure some credit unions would make smaller ones.

You can't sell a vehicle for $10,000 that you still owe $10,000 on and come out with any money. If you need $5000, you have to get it some other way.

If you owe $10,000 and the truck is only worth $10,000 then you will end up with no truck and no money. Atlas you won't owe anyone any money.

Bottom line, you can't get there from here.

The loan has to be paid off in full before you can transfer the title.

If you can sell the truck for $10,000 it's possible for you to get rid of it, but you wont get any cash. Effectively the buyer will be buying it off the bank, and all the money needs to be paid directly to the bank. Then they release the title and the new owner can take the truck.

You will then need to take out a new loan to buy another car.

You can't unless you are able to sell it for more than you owe.

You cannot get rid of the truck without first paying off the loan. Work from there.