<prompt> Human: Simply put, I bought a jeep about a year ago with a 3000 personal loan. I currently owe around 1700 on the loan, but I don want to jeep anymore. This might sound like a stupid question but Im I able to trade for a different car without any trouble from the bank?  <response>: If you are using the vehicle as collateral for the loan the banks name will be on the title then you need the banks permission to transfer the vehicle. They generally have no problem giving permission.If you are not using the vehicle as collateral for the loan the banks name is not on the title then you can do whatever you want with the car. 