How to go about selling a car i still make payments on?

So i bought my first car a year ago, 2013 honda civic, its still an excellent car, and i can still afford my payments(financed car) but as much as i love this thing i want to start saving money to pursue other things.

As i can get around town where i live now and work with just a bicycle, dropping insurance and car payments would save me quite a bit of money!

So i ask how i go about trying to sell my beloved car!

You sell it like any car with an ad in the paper. Ask enough to pay your balance, of course. Shouldn't be a problem with Honda civic where there's a good market for it.

You will have to find a buyer. When you agree upon a price, you will need to pay off the loan on your car to get the title released so you can transfer the car to the new owner.

If the price you agreed upon is less than what you owe, YOU will have to pay your lender the difference. Your lender will require the ENTIRE loan to be paid off to get the title released.

Every lender has a different procedure for payoffs. You will need to call your lender to find out what you need to do when you find a buyer. Do this before you look for a buyer. Make sure you let any prospective buyer know that the sale will require some extra steps in order to pay off the loan and receive the title. Your lender should be able to give you a time frame on that.

If you can sell it for what you owe, that is a good outcome for you as the money you get from the sale can be used to pay off the loan. You can also have someone take over the repayments instead of a cash payment to you. The new owner would then be responsible for the repayments.