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Find out if you can still sell your car with outstanding finance, in our latest guide.
Bristol Street Motors

Can I Sell My Car If It's on Finance

Can I Sell My Car If It's on Finance

Finance. Something most of us use, but also something a lot of us struggle to understand.

  • You can still sell your car to us if there is remaining finance left to pay
  • There are different processes depending on whether your agreement is hire purchase or personal contract purchase
  • Find out how we can help you

The legal documents on finance can be a bit lengthy and the thought of flicking through hundreds of pages to find out if you can still sell your car with outstanding finance can be time-consuming. 

That’s why we’ve popped together this useful guide to save you a job! 

Selling a financed car 

You’ll be happy to know that even if you still have finance payments left to pay, you can still sell your car. At Bristol Street Motors, we are happy to still buy the car when you owe more finance than the value of the car, if it is on a Hire Purchase (HP) or Personal Contract Purchase (PCP) loan. However, it does change slightly depending on what type of car finance you have taken out. 

Read on to find out more. 

Hire Purchase Finance 

With a Hire Purchase, you don’t legally own your car - the lender does until all payments have been made. This means that if you want to sell the car, you will have to contact your finance company to arrange an early settlement. The settlement price should be sent to you within a few working days and once paid within the time frame, you will then be able to sell your car. 

Personal Contract Purchase Finance 

For a Personal Contract Purchase loan, you need to have paid all the payments or the settlement fee to be able to sell your car. 

If you have paid over half of the finance owed, you can settle the outstanding balance early. However, if you haven’t paid over 50%, you will have to pay the difference.

Learn More About Car Finance


Personal Loan

With a Personal Loan, the vehicle is already yours so you can sell it whenever you like. However, if you haven’t finished paying off the loan before you sell the car, just keep in mind that you will have to continue making payments for the Personal Loan until you have repaid what is owed.  

Now, it’s time to sell your financed car 

If you choose to sell your car to Bristol Street Motors, we will pay any outstanding HP or PCP payments for you.   

All you need to do is request a valid settlement letter from your finance company which will have your agreement number, the amount outstanding and the validation date on. Bring this along to your appointment and we will make arrangements to settle your balance. We will deduct the settlement amount from the amount paid to you for your car. 

Find out more about cancelling your finance, or if you’re ready to sell your car to Bristol Street Motors, visit our Sell My Car page to start your valuation.

Sell My Car