The car bought by the loan can be sold, but it can't be bought and sold freely until the loan is settled. If the car bought by the loan has not been returned, it means that this car is a mortgage car. If you want to sell, you can cancel the mortgage or repay the loan in advance. Generally speaking, mortgage loans are cancelled through banks, 4S stores and mortgage companies. After repayment, the loan bank or 4S shop will issue a repayment certificate. Then take the original ID card to the city management office to decompress, and some institutions will handle it with the bank. The credit company will bring the repayment agreement and proof. The best way to sell a mortgaged car is to lift the mortgage, which can fully guarantee the interests of buyers. Or you can apply for a bank loan to repay in advance. It is also a very good way to buy and sell a mortgaged car after paying off all the loans of the car mortgage, and then according to the above collateral, after the mortgage is completely lifted. If the mortgage car has paid off all the loans before buying, then the buyer can buy and sell with confidence and transfer the ownership normally. However, there is another situation that needs our attention, that is, many borrowers have applied for car mortgages, but they can't repay them on time, so their cars have been sold by the loan platform. However, in this case, it must be noted that the purchaser of the mortgage car only has the right to use, but does not own the ownership of the car, which means that the car cannot be transferred. Therefore, to sum up, if the mortgage car pays off all the loans before purchase, it will have no impact on the borrower. If the loan is not fully paid off and released, then there is a certain risk in buying a house.

Legal basis: Article 19 of the Regulations on Motor Vehicle Registration.

To apply for transfer registration, the current motor vehicle owner shall fill in the application form and submit the following documents and vouchers: (1) the identity certificate of the current motor vehicle owner; (2) Certificates and vouchers of the transfer of ownership of motor vehicles; (3) Motor vehicle registration certificate; (4) Motor vehicle driving license; (5) Motor vehicles under customs supervision shall also be submitted.