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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

Want to sell a financed car? Read our comprehensive guide on selling your car if its 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 what type of agreement you have.
  • Find out how we can help you.


Finance legal documents can be lengthy. So can the process of reading them to understand whether you can sell your car with outstanding finance.

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


Can you sell a car on finance?

You’ll be pleased to know that even if you still have finance payments left to pay, you can sell your car. Even if you owe more than the value of the car, we are happy to buy it at Bristol Street Motors.

This is if the car is on a Personal Contract Purchase (PCP) or Hire Purchase (HP) agreement. If you have a different type of car finance, it can vary slightly.


Read on to find out more.


Selling a car with a Hire Purchase (HP) outstanding finance

When you take out a Hire Purchase agreement, you don't legally own the car. Ownership stays with the lender until all payments have been made. But, if you do decide that you want to sell your car, it's not out of the question.

You will need to get in touch with your finance company, who will be able to arrange an early settlement. You should receive the settlement figure within a few working days. Once paid, you are then free to sell your car.


Selling a car with a Personal Contract Purchase (PCP) outstanding finance

If you are looking to sell your car on a PCP agreement, there are a couple of things you'll need to do beforehand. All repayments must have been made and you will also need a settlement fee to be able to sell.

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% of the finance owed, you will have to pay the difference.

Learn more about car finance


Selling a car on a Personal outstanding Loan

When you buy a car with a personal loan, you already legally own the car and sell it at any time.

If you haven't repaid the loan in full, you will need to continue to make payments until the full loan is settled. It's worth keeping this in mind when deciding to sell your car.


Why should you sell your car with Bristol Street Motors?

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

Simply request a valid settlement letter from your finance company. This will have your agreement number, outstanding finance amount, and validation date on.

It's important to bring this along to your appointment so we can settle your balance. We will then deduct the settlement amount from the amount paid to you for your car.

To find out more about cancelling your car finance, read our helpful guide.


Ready to sell your car? Visit our Sell My Car page to start your free valuation.

After you’ve got a valuation, start the search for your next car! We have a wide range of new cars and used cars to suit all budgets and lifestyles.

Sell My Car

How much is my car worth


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