If a car is a personal loan against it cani sell it finance comp tells me it is per loan dont unders

need to change car a repayments are to high want a run around i am told my finance is a personal loan can i sell the car buy a cheaper one from the dealer and send the difference to finance company dont want to go to garage and be told that i have finance on it and cant sell.what does the personal loan mean

If a car is a personal loan against it cani sell it finance comp tells me it is per loan dont understand?

You can refinance a car. You get a used car loan and they pay it off to the other lender.

Your question is a bit hard to understand. It almost looks like you say a personal loan against the car. A personal loan will not be against the car.

Who holds the title to the car and is there a lien holder listed on the title? If you have the title and there is no lien holder then i would think you can do what you want with the car.

If a car is a personal loan against it cani sell it finance comp tells me it is per loan dont understand?

A personal loan is just that - a loan to you, with no reference to what the money will be used for. I guess this was from your bank.

Buying a car from a dealer using their finance would result in a loan tied to the car.

So, with a personal loan, the car is not linked to the money, and you can sell it.

With a dealer arranged finance, you can still sell the car, but outstanding finance would have to be paid off at the point of sale.

Best of luck, take care.