Can a Car Still Under Financing Be Sold?

[SanStephanie]

Generally, the vehicle title (also known as the 'big book') of a car under monthly financing is mortgaged to the bank. Before the loan is fully repaid, selling the car is not permitted. Only after the loan is completely paid off will the ownership of the vehicle return to the user, granting them the freedom to sell the car. Here is some information about the Vehicle Registration Certificate ('big book'): Introduction: The 'Vehicle Registration Certificate' is the legal proof of vehicle ownership, kept by the vehicle owner and not carried with the vehicle. It is required for any vehicle registration procedures such as transferring ownership or changing registration, and it records relevant details about the vehicle, functioning as the vehicle's 'household register'. Content: By reviewing the contents of the Motor Vehicle Registration Certificate, one can obtain relevant information about a car.