If I have a car loan, can I sell the car to someone for less than the loan amount and continue paying the loan

Question:
I bought a used car and was pretty much "taken." I now owe more than the car is worth and I just want to get rid of the thing and pay down the loan so I can pay it off faster and start fresh in a few months. Can I sell someone the car and still make payments on the car loan? I owe $7000 and can sell it for $5000, so it would leave $2000 more to be paid off and I can'd still need to make payments. Thanks!

Answers:

How can i buy a airport?

It will be difficult to sell the car without the title. I'm gonna guess that the people that loaned you the money have the title. You have something like the title, but its not the title. you need the title, aka pink slip to transfer ownership to your buyer.

What kind of car should I get? Help!!?

If you arrange to pay off the loan at the same time you sell the car, you can probably do it at your bank or the office of who ever loaned you the money and pass the papers around in a circle so that the buyer ends up with the title and the bank gets their money.

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Should I pay tax if I buy a used car from a private party?

you can but you wont get the title until you pay off the loan

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