The Best Selling A Car You Still Owe Money On Ideas. Whether it be a bank or a credit. You'll need to determine your payoff amount, pay off the car loan, clear the title, and more.

When you trade in your car, you’ll get the difference ($2,000), which represents your equity. If your car is worth more than you owe, the buyer will pay the total amount to the. Next, check how much money you still owe on the loan to.