Top Selling A Financed Car Pics. You can sell a financed car with or without paying it off by trading it in with a dealer or selling it to a private buyer. There are many reasons why people want or need to sell a financed car that is not paid off.
However, selling a car with outstanding finance without telling the buyer is illegal. Want to sell your car you still owe money on? Sell your financed car to webuyanycar.com and eliminate auto debt.
Selling a car under finance is legal, but it must be disclosed both to the financier, and to the buyer beforehand.
However, if you handle it about the author: Many people purchase a car using a loan or some other form of financing, which makes the lender a lienholder to the vehicle. Until you reach the end of the finance term), the car is still owned by the finance company, so it's not yours to sell. In order to sell the car, you'll have to end the hire purchase agreement early.