<prompt> Human: I dont know how I never thought of this earlier, but I recently sold my car.Sale 8kOwed 5kRate 2.3Payment 160 amazinnngI have a to of student loan debt 58k at 6.55So do I take the 8k and pay down my student loans and keep a car payment for a car I do not own? Does anyone do this?Edit: I am selling partially gifting the car to my sister. So I could keep title registered to me.Assistant: How did you sell the car without paying off the loan? The lienholder wont give up the title until they are paid in full, and the buyer cant fully register the car without the title.You need to pay off the car loan and get the title to the buyer.Human: I am selling the car to my sister.  <response>: I certainly appreciate the temptation, but this plan is messy and will lead to a bunch of trouble for you. Insurance gets complicated. Parking tickets get complicated. What happens when your sister wants to register the car on her name or move out of state, but you dont have the cash on hand to pay the loan and get her the title? Queue more brainstorming of things that could go wrong...KISS: keep it simple, stupid. Pay of the cat and give the buyer the title. 