<prompt> Human: My parents bought me a car and are still paying off the loan, they told me that i could do what i wanted with the car. Can i sell it independently towards a new vehicle with no consequences towards them or myself. The car is worth about 10,000 and i want to trade it in towards a truck worth 16,000. If i sell the car ill have enough to pay for the truck in cash, but will selling it with a loan on it that isnt mine negatively affect my parents?  <response>: Can i sell it independently towards a new vehicle with no consequences towards them or myself. If the parents are still paying off hte loan, the car title ownership has a lien on it aka--the DMV knows that your parents dont truly own it free and clear. You cant sell the car without removing the lien from it. And then itd be your parents whod have to sell it, as they are the ones on the title.Aside from that--your parents bought you a car that has at least 10K value, you want to upgrade to a truck. Are you SURE this is something you absolutely must do--buying you a car as a gift was very kind of your parents, you want a 16K car when you only have 6K cash?If you dont need the truck because of work farming, construction, snowplow, etc stick with your current car 