selling

I'm not a CarGurus person but I know that you can use this service even if the bank holds the title of the car as collateral. That's very common. So when your car sells, advise the buyer they need to (meet you at your bank) to advance some of the purchase money to the bank to pay off or satisfy the principle due on the loan. The rest of the money goes to you, the seller. At that point the bank will release the title to you, to sign ownership over to the buyer. The buyer will take the title to a notary to apply for registration and new title. It sounds complicated but the bank will know what to do. Just so the buyers money is available, there should be no problem.

Yes, just as long as the paperwork is right.