Can a car with a loan be sold?

Selling a car with a loan requires coordination with the bank, as the car may be used as collateral or subject to a resale restriction.

Steps

1. Obtain the early settlement number and understand the steps to lift the restriction or transfer ownership.

2. Inform the buyer if the transaction will be completed concurrently with loan repayments.

3. Do not accept payment or promise the transfer to the buyer before understanding the official procedure, as ownership may be restricted until the loan is settled.

Source

• Central Bank of Egypt — Consumer Protection

• Banque Misr — Auto Loan