Can I Trade In My Car If It Was Used As Collateral On A Loan

We are wanting to trade in our gas guzzler jeep for a more economical car. However, the jeep was used for collateral on a loan. Is it possible to trade it in, then replace the jeep title with the title of the newly purchased car on the loan?

Answers for The Question

  1. Soula3
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  3. Scott H
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