can you sell a car on finance

Ah, the murky waters of selling a car still under finance! Yes, technically you can sell a car on finance, but it’s not as simple as handing over the keys and counting your cash. The finance company actually owns the vehicle until the loan is fully paid, so you’ll need to settle the outstanding amount first or arrange for the buyer to pay it directly to the lender.

Common scenarios include:

• Paying out the remaining loan balance yourself before the sale.
• Having the buyer pay the lender directly to clear the finance.
• Using a third party or dealership to manage the transaction.

Beware: selling without clearing finance can lead to legal headaches and repossession drama. Always check with your lender and consider services like Tradingpost or CarShowroom for guidance. Remember, transparency is your best mate here.