Yes, you can transfer a car that’s under finance—just not by pretending the debt is imaginary.
Step one: get a written payout figure from the lender and their consent; the encumbrance sits on the PPSR until the loan is cleared.
Typical private-sale dance: the buyer pays the lender the payout directly, you settle any difference between payout and sale price, the lender issues a release, then you both lodge the rego transfer with your state authority and pay stamp duty.
Alternative: the buyer refinances or assumes the loan with the same lender, but only if the lender approves their application.
Do not hand over keys, plates or cash until the PPSR shows no security interest and you’ve got the release in writing.
Costs and forms vary by state (think VicRoads, Service NSW, TMR QLD), but budget for transfer fees and duty in AUD; keep every receipt like it’s your alibi. Consult official documentation for exact figures.
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