I bought my g35 coupe 5at used from a private seller about a month and a half ago, I don't know why I bought a 5at.. but anyways I want to trade my car for a 6MT g35 coupe, but the thing is my bank has my title because I borrowed money from the bank and until I pay it all off they hold on to the title.

Can someone explain to me the whole process of trading a car? To a private person and to a dealership.

 

Well if you have a loan through the bank all you need is the total difference from the trade-in to the new car. The bank will give you a new loan with your pay-off and the difference. That will get rid of the old loan, release the title and give you one new loan. At least that is how it worked when I made my trade a month ago. Dealerships will do it the same way, they will push you to use their banks. So there bank will want you payoff amount, add in the difference, pay off you loan and give you a new one.