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If you're wanting to sell your car, but it has outstanding finance it can be tricky to work out the rules. Find out what is possible in our guide.
Vertu Motors

If My Car is on Finance, Can I Still Sell it?

If My Car is on Finance, Can I Still Sell it?

Car finance is something that many of us use, but often struggle to fully understand.

  • You can sell your car to us even if there is remaining finance on it.
  • There are different rules depending on whether it is financed through Hire Purchase (HP) or Personal Contract Purchase (PCP).
  • Find out how we can help at Vertu Motors.


Legal documents can be quite lengthy, and trying to work out if you can still sell your car with outstanding finance can be a bit confusing.

That is why we have pulled together this useful guide, to do the leg work for you.

Selling a financed car

If you are looking to sell your financed vehicle, then there’s good news. Even if you have finance payments left to pay, you can still sell your car. At Vertu Motors, we are happy to buy cars with outstanding finance, so long as it is on a Hire Purchase (HP) or Personal Contract Purchase (PCP) agreement. However, things do change slightly depending on what type of finance you have taken out.

Two people calculating finance amounts

Hire Purchase Finance

With an HP contract, you do not legally own the car - the lender does until all payments have been made. This means that should you want to sell the car, then you will have to contact your finance company to arrange an early settlement. The settlement price will be sent to you within a few days, and once this has been paid (within the period), you will then be able to sell your car.

Personal Contract Purchase Finance

For a PCP agreement, you will need to have made 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 amount early. However, if you have not paid over half, you will have to pay the difference.

Personal Loan

With a Personal Loan, the vehicle is already yours, meaning you can sell it whenever you like. However, if you have not finished paying off the loan before you sell the car, you will need to complete all the remaining payments.

You can learn more about finance explained in our Finance Hub.

Visit Finance Hub


Ready to sell your car?

Person placing sale sign on a car

If you choose to sell your car with us at Vertu 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. This will contain your agreement number, the amount outstanding, and the validation date. Simply bring this letter to your appointment and we will help make any arrangements needed, and deduct this from the amount paid to you for the car.

Find out more about cancelling your finance, or if you’re ready to sell your car to Vertu Motors, visit our Sell My Car page to make a start. Next, you can browse our new and used car offers for all the inspiration you need to find your next vehicle.

View new car offers

View used car offers