Sell my car on finance
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We’re a credit broker not a lender. Rates from 8.9% APR. Representative APR 11.9%
Representative Example: Borrowing £25,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £5000.00 the amount payable would be £362.01 per month, with a total cost of credit of £7,376.69 and a total amount payable of £17,376.69. Based on 6,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
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What is Sell my car on finance?
Car finance is a common alternative to purchasing your next car outright and involves an agreement with a lender to pay over an agreed time period.
Selling a car on finance involves transferring ownership of a vehicle that still has an outstanding finance agreement, requiring coordination between the seller, buyer, and finance company to settle the existing loan and transfer ownership.
Your payments can depend upon what car you decide to purchase, how long you wish to purchase it over, whether you wish to own the car, and how much you wish to pay upfront.
Why Choose Sell my car on finance?
Here at Fast Easy Finance, we’re committed to transforming lives, quickly and with no hassle. With a dedication to excellence and a commitment to unparalleled customer satisfaction, here`s why you should choose us:
What is selling my car on finance?
-Selling a car on finance involves transferring ownership of a vehicle that still has an outstanding finance agreement, requiring coordination between the seller, buyer, and finance company to settle the existing loan and transfer ownership.
How does selling my car on finance work?
-To sell a car on finance, the seller must first obtain a settlement figure from the finance company to pay off the remaining balance of the loan. Once the loan is settled, ownership of the vehicle can be transferred to the buyer, who may arrange their own financing or pay in cash.
What are the benefits of selling my car on finance?
-Benefits of selling a car on finance include the ability to transfer ownership of the vehicle to a new owner while still under finance, potentially allowing the seller to sell the car for a higher price than if paid off upfront.
What are the drawbacks of selling my car on finance?
-Drawbacks of selling a car on finance may include the need to coordinate with the finance company to settle the existing loan, potential fees or charges associated with early repayment, and limitations on selling price or buyer financing options.
What are the different types of Car Finance?
We appreciate there are many different types of Car Finance products for you to choose from, and knowing which one meets your needs best is the key to happy financing. See a few of the different types below.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.
Personal Contract Purchase (PCP)
The loan is secured against the car, but you don't own the car when the loan term ends.
Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.