What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks
How do I sell a car with finance outstanding on it
My father-in-law bought a brand new VW Passat about 18 months ago on finance.
Sadly, he was recently diagnosed with a serious illness and will no longer be able to drive so we need to get rid of the car. I've never bought a car on finance before so have no idea how we go about dealing with this.
I realise there will be detail that will depend on the small print in the contract but is it possible to give me a general overview as to how to deal with the finance so we can sell or P/X the car?
Sadly, he was recently diagnosed with a serious illness and will no longer be able to drive so we need to get rid of the car. I've never bought a car on finance before so have no idea how we go about dealing with this.
I realise there will be detail that will depend on the small print in the contract but is it possible to give me a general overview as to how to deal with the finance so we can sell or P/X the car?
Asked on 28 December 2013 by magicmonkey
Answered by
Honest John
Before you can sell the car (which belongs to the finance company) you have to pay off the finance. So the finance company is your first point of contact.
Similar questions
In August last year I bought a 62 plate Skoda Yeti TDi 170 Elegance from my local dealer. We traded in my wife's Octavia (£3200) and did a PCP at £345 pcm, minimum future value approximately £8500 if I...
Is it possible to advertise and possibly sell a car with outstanding finance?
Due to the impending arrival of a new car (this has arrived quicker than I expected) I need to sell my VW Polo Moda 1.2. It has 11k miles and a full service history in an excellent condition.
I owe £6700...
.jpg)
