No your right; that IS how it should work but for some reason the bank is saying it isnt. Even though we've done it before *sigh* Because we dont technically own our car, the bank does. Even though the new car is twice to value of the current loan and the new loan would be for the current loan amount + the extra out of pocket after trade in. They want us to sell our car privately and pay of the loan, then take out a new one. How that is any different I dont know *sigh*