Generally, when making a car loan, the car will be mortgaged to the bank, so before the loan is paid off, the car only belongs to the bank or the auto financing company, and individuals cannot transfer or sell the car.
Legal basis: Article 410 of the General Principles of the Civil Law of People's Republic of China (PRC) * * * If the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee may agree with the mortgagor to discount the collateral or give priority to compensation with the price of auction or sale of the collateral. If the agreement harms the interests of other creditors, other creditors may request the people's court to cancel the agreement.