Selling a car with any outstanding finance is something that we are often asked at car4.cash, and car owners are unsure on how to proceed with the sale of their car if the debt is still outstanding. You will surprised that selling a car on finance is easier than think. The legalities of any finance agreement that you might have with a third party finance company can normally be settled with the sale of your car. Simply bring your car to the nearest branch and we will provide you with a fair market appraisal for the value of your car and then we will settle the finance agreement as part of the process.
How To Sell A Car To Us With Outstanding Finance
Car 4 Cash will advise you with our simple 3 step process that aids you in selling your car that has outstanding finance on it.
1. Free Car Valuation
The first step is to get a rough guide to the price of your car with a free car valuation found on our home page, this will allow to gage an approximation of how much your car is worth.
2. Arrange an Appointment Online
The next stage would be to arrange an appointment with your nearest Car 4 Cash branch. This will allow us to provide you with a fairer valuation for both parties as this will now take into account of any damage, be it external or internal that the car could have – something that is not possible with an online valuation.
3. Settle The Financial Agreement
Once a price has been agreed and we have checked the remaining outstanding figure on the car, there two methods to choose from to clear the finance.
You can choose to settle the outstanding finance directly with your finance company yourself. Or we can deal directly with the finance company to obtain a settlement figure on your behalf. We are normally able to arrange this with the finance company on the day, subject to the time of the day that you are at our office.
Once the finance part has been settled, any remaining balance will be transferred to your designated bank account within an hour.
So if you have a car that has outstanding finance and are thinking about selling the car, please do get in touch and we will be able to assist.
But What If I have Negative Equity On My Car?
If the balance of the outstanding finance is greater than the value of the car after the inspection, then this is known as negative equity. In which case we can still buy the car from you but you will need to pay us the difference to make the figure up.
If you are still unsure about the best way to sell your car with outstanding finance then please contact us on email@example.com for more information, and we will be more than happy to guide you through the process.