Can a Car on Monthly Payments Be Sold?

[Jordan]

You can sell a car purchased with a loan, but the sale is not entirely free when the loan is not fully paid off. This is because the car is mortgaged to the bank during the loan period, and a vehicle with a mortgage registration cannot be freely bought or sold. When selling a car with an outstanding loan, you can choose to sell it after paying off the loan or request the buyer to settle the outstanding amount in advance—both methods are viable. Here is some related information about car loans: 1. Introduction: A car loan, also known as an auto mortgage, is a loan issued by a lender to a borrower for purchasing a car. 2. Borrower Requirements: The borrower must be a permanent resident with full civil capacity in the area where the loan is issued.