Can i sell my car with outstanding finance?
Answers:
you can sell it even if it has finance on it if you can find someone stupid enough to buy it. no-one in their right mind would buy a car for £3000 without having it h.p.i checked and when it comes back with finance outstanding they'll walk away for sure because they only have your word you're going to pay the finance off, and if you dont they lose their car and their money and you get done for deception!
hope this helps!
Sure. Just call the company that owns the paper on the car and ask for a payoff amount and address! They'll give you what you need, or be able to help you find the correct paperwork.
No I don't think so.
First check with your legal adviser. Usually, you can sell off your car even you still owe the finance some money. But when you sell of your car you may not get the money first. The money will go to the finance company to settle the odd that you owe them, then the balance of the money will bank in to your bank account.
The finance company will give you a settlement price, ie to pay the car off. But I'm sure you cant sell it privately to find the money cos its not yours to sell.
Yes you can, but it must be paid in full or your breaking the law, i have done this, but if you doubt me check with finance company, they may offer discount on paying up early
Yes if you pay of the amount outstanding on the car.
you can if you pay it off or if it was a personal loan you can sale it but if the loan was on the car then you cannot sale the car unless as i said you were to pay it off with the sale of the car
you have to inform both buyer there stil outstanding finance, and the company that you got finance from,, as THEY are technically legal owners still,, you also are supposed to have buyer pay finance company any monies received direct.
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