It is not uncommon to want to redeem a car loan early. Reasons that may be behind this are, for example, that you have managed to save enough money to be able to repay the entire debt or if you planned to sell the car.
One thing that you just have to remember is paying back loans in the right order. If you only have one car loan, it is of course a good idea to settle this particular loan, but if you have several loans, you have to pay back the most expensive ones first. Car loans and mortgages are usually the ones with the lowest interest rate, which is why it is necessary to repay last.
Sell the car
If you are going to sell your car, you must redeem your car loan. Should you sell the car for a lower value than the loan is on, you still have to settle the debt. This is because the car stands as collateral for the loan and is sold when the collateral is quite obvious that it can no longer function as it.
If you sell the car for a higher value than the loan is, the money will then be over yours. When selling the car and thus redeeming the loan, it costs you nothing at all to do this. If you are going to buy a new car, there may be an opportunity to transfer what remains of the loan to a new car loan. Whether this will work depends in part on what the lender thinks, your finances, how much is left of the loan, what the new car costs and how much you intend to borrow on it. So it is not possible for us here to say whether it is possible or not, but only that the possibility exists.