Can You Sell A Car With Finance Still On It

Megan

1 Oct, 2018

However each of these options has a drawback. So selling a car on finance couldnt be easier with we want any car.

Selling A Car Under Finance Positive Lending Solutions

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We can see then that even though it is possible to sell a car with finance attached it may not be easy or some might even say ethical for you to do so.

Can you sell a car with finance still on it. Until you reach the end of the finance term the car is still owned by the finance company so its not yours to sell. Determine how much you owe on the car. Here you can learn the different ways and places you can do so and how each might affect the price youll get.

And dont miss our tips on the best time to sell your car and what to do if there is still outstanding finance. There are ways to settle your finance and sell the car though. What are the options.

You can redraw against your mortgage take out an unsecured loan or get a cash advance from your credit account. Selling a car under finance might be a bit tricky. No you cant as the lender is the legal owner of the car until the finance is settled.

If you would like to know more about the legal implications of buying a car with finance outstanding then you can find some good information here. Selling a car can be a complicated process and its even more intimidating if you still owe money on the vehicle youre selling. If you have other lending options available to you it can be a good idea to remove the cars encumbrance all together before trying to sell.

Heres a few things you will need to do as a seller. However selling a car with outstanding finance without telling the buyer is illegal. While you can sell a car thats still under finance there are a number of potential issues you will need to consider.

Can i sell a car with outstanding hire purchase hp finance. Choosing the best way to sell your car can i. Contact us if youre still unsure about how to sell a car on finance contact us for more information and we will guide you through the process.

So we hope we can clear up some of your main concerns regarding this process. The first step is to find out what you still owe on the car. Planning to sell your car.

In order to sell the car youll have to end the hire purchase agreement early. Until the finance is settled ie. With a secured car loan its the car itself that the loan is taken against.

Fortunately its a common transaction people do it every day. If youve paid off less than half of the agreements total cost you can return the car. You will receive cash for your car within four days.

You can simply do that by calling your financial provider or bank. Start the process now with a car valuation. It will be slightly easier if you own the vehicle free and clear but you have several options when it comes to selling a financed vehicle.

Can I Sell A Car With Outstanding Finance Confused Com