How to transfer my auto-loan to another vehicle when trading?

I'm a planning to get rid of my Honda to get a Nissan. I still owe about $1.5k on my Honda through Chase Bank. I will also pay $2k more for the Nissan.

So basically is there anyway to transfer the loan to my new vehicle?

And if possible can I add the $2k onto the loan? So I would then have a $3.5k loan?

Basically I'm trading this guy for his Nissan 350z and I will pay him $2000

Auto loans are not nontransferable. You current loan either needs to be paid off or assumed by someone else.

You don't transfer loans. Your current loan needs to be paid in full and you get a new loan for the new vehicle.

Can't.

You'll have to first pay off your Honda to get the title to sign over to the other guy. You can't sell it without the title, or without paying off the loan. So, to make this deal, you need $3.5K -- $1.5K to pay off the Honda, and $2K to the guy for his Nissan.

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