Can a Car on Installment Plan Be Sold?

[MaliaRose]

A car purchased through installment payments cannot be sold. The details are as follows: Loan must be fully repaid: A car bought on installments cannot be transferred to another person because the loan has not been fully repaid. The car still belongs to the bank, and vehicle transfer requires the car to be under the owner's name. Only after the loan is fully repaid can the car be transferred to someone else. Circumstances under which transfer is not allowed: (1) Unauthorized modifications, alterations, or changes to cargo weight or passenger capacity; (2) Vehicles under purchase control without the "License Plate Application Approval Stamp"; (3) Unresolved traffic violations or accidents, or if the vehicle is under investigation by authorities; (4) Failure to undergo regular inspections or inspection failure; (5) Court-ordered freeze or ongoing mortgage period.