<prompt> Human: I currently have a loan out for a car thats worth 17-16k, and the car loan is 20k what am I to expect if I cancel the loan? Will I have to pay the full loan off?EDIT: Thanks guys, I got my answer.  <response>: If youre in the US, you cant cancel the loan. You owe 20k, regardless of the value of the car. If you sell the car for 16k, youll have to come up with the additional 4k somehow to pay the loan off entirely. 