This happens a lot with newer cars. When I sold my Jeep I had to do that. What we worked out is the buyer paid off my loan and the bank sent him the lean release (which he then took with the title to the clerk to get licensed).
Just make all the phone calls and get everything straightened out ahead of time and you should be fine. Remember to get names and direct phone numbers (if possible) to everyone you talk to at the bank, licensing office, etc.
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"The truth is merely an excuse for lack of imagination." - Garak
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