Can I sell a car that's still on finance?
Yes. Most cars on PCP or HP agreements can be sold before the agreement ends. The finance company technically owns the car until the balance is cleared, so the outstanding amount has to be settled as part of the sale - and that's something we handle directly with your lender.
How settlement works
- Get a settlement figure. Ask your finance company for a settlement letter - it states the exact amount needed to close the agreement and is usually valid for around 10 days.
- We value your car. Same valuation as any other sale - live market pricing for your exact car and mileage.
- We pay the lender first. The settlement amount goes straight to your finance company, clearing the agreement.
- You get the difference. Whatever remains of the sale price is paid to you by bank transfer the same day.
What if I owe more than the car is worth?
This is called negative equity, and it's more common on newer PCP deals. You can still sell - you'd pay the shortfall between our price and the settlement figure. We'll show you both numbers clearly before you decide anything; there's no obligation at any point.
What to bring
Everything on the documents checklist, plus the settlement letter. If the letter has expired by the time you visit, we can usually obtain an updated figure with you on the day.