Selling a car still under finance is like trying to sell a sandwich you haven’t paid for yet—tricky but not impossible. First, you need to check your finance contract for any early repayment penalties and get a payout figure from your lender. Next, you either pay off the loan yourself before selling or arrange for the buyer to pay the lender directly to clear the debt. Don’t forget to get a clearance letter from your financier and notify the relevant authorities to transfer ownership correctly. And, of course, be upfront with buyers; no one likes surprises mid-sale.
LightingListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.