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    • Against the law

      • It’s against the law to knowingly sell a car with outstanding finance, especially if you don’t inform the buyer. You must settle the finance and become the car’s legal owner first. If you’re found to have sold a car that’s not legally yours, you could face legal action. The lender may also require that you pay back what you owe.
      youngcardriver.com/faqs/car-finance/can-i-sell-car-outstanding-finance/

      Can I Sell a Car with Outstanding Finance - Young Car Driver

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  3. www.carwow.co.uk › sell-my-car › guidesCan you sell a car on finance? Everything you need to know

    Feb 29, 2024 · It is illegal to sell a car with outstanding finance to a private buyer without making them aware of the car’s status. To legally sell your car, you must first settle any outstanding finance. If you are caught knowingly defrauding someone into buying a car with outstanding finance, you could face legal action.

  4. www.autotrader.co.uk › content › adviceHow can I sell a car with outstanding finance? | AutoTrader

    You cannot sell a car with outstanding hire purchase (HP) finance, as the lender is the legal owner of the car until the finance is settled. To sell a car with outstanding HP finance, you’ll have to end your hire purchase agreement early.

    • Andrew Woodhouse

  5. motorscan.co.uk › car-finance › can-you-sell-a-carCan You Sell a Car Still Under Finance? Here’s What you need ...

    Sep 25, 2024 · When selling a car with outstanding finance, it’s essential to ensure that the finance is fully paid off before transferring ownership. Start by requesting a final settlement figure from your finance provider.

  6. help.autotrader.co.uk › hc › en-gbCan I sell my vehicle with outstanding finance? - Auto Trader UK

    You can sell your vehicle on Auto Trader with outstanding finance. But, there are a few things to do: You must let potential buyers know in your advert that there's outstanding finance on the vehicle; Get a settlement figure from your finance company; Remember, until you have fully paid your finance agreement, your finance company own the vehicle

  7. theautoexperts.co.uk › blog › what-happens-if-aCan a Dealer buy or Sell a Car with Outstanding Finance?

    • Can A Dealer Sell A Car with Outstanding Finance?
    • Can I Sell A Car with Outstanding Finance to A Dealer?
    • Do I Need An HPI Check If I Am Buying from A Dealer?
    • A Dealer Who Doesn’T Check Their Cars’ HPI
    • How Do You Avoid Buying A Car with Outstanding Finance?

    In the UK, it is illegal for a dealer to sell a car with outstanding finance. The finance company will still technically own the vehicle until the balance is paid in full. If you’re planning to buy a used car, it’s essential to check that the previous owner has settled the outstanding balance and obtained the appropriate paperwork from the finance ...

    See full list on theautoexperts.co.uk

    It is unlawful to sell a car with an outstanding finance check to a dealer. The dealer can only legally buy the car once the seller has settled the outstanding balance with the finance company. If the dealer does buy the car, they are taking on the risk that the finance company will eventually repossess the vehicle. For this reason, most dealers wi...

    See full list on theautoexperts.co.uk

    When buying a car from a dealer, they will often offer to do an HPI check on the vehicle for you. This service checks whether the car has been stolen, written off, number plate changed, previous owners, previous MOT status, scrapped, imported/exported or is subject to finance agreements. It is a valuable check to have, particularly if you are buyin...

    See full list on theautoexperts.co.uk

    Consider purchasing a used car from a dealer who does not offer an HPI check. In that case, this does not necessarily indicate that the vehicle has a hidden history. You should consider it a red flag and perform a vehicle history check. Our comprehensive full car check will reveal the following critical information for a car on finance and 25+ data...

    See full list on theautoexperts.co.uk

    Avoiding a car with outstanding finances is crucial to prevent legal and financial complications. Follow these steps to ensure a smooth and clear purchase: 1. Vehicle History Report: Obtain a comprehensive report from reputable services like Carfax or AutoCheck. This report will reveal any outstanding loans or liens on the car. 2. Verify Ownership:...

    See full list on theautoexperts.co.uk

  8. www.arnoldclark.com › selling-a-car-on-financeCan you sell a car on finance? - Arnold Clark

    Aug 2, 2024 · The good news is that you can sell a car on finance even if it’s still under a finance agreement, such as a personal contract purchase (PCP) or hire purchase (HP) plan. In this article, we’ll guide you through the process and explain why selling your financed car to Arnold Clark is a smart choice.

  9. theautoexperts.co.uk › blog › sell-my-car-withCan I sell a car with outstanding finance in the UK?

    Apr 8, 2024 · Yes, you can sell a car on finance in the UK. However, it is crucial to follow the legal requirements and inform the buyer about the outstanding finances. Transparency is key to avoiding any disputes or legal issues down the line.

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