How it works


1. Enter your reg

To sell your financed car, enter your registration for an instant valuation and create a detailed car profile from your phone.


2. Contact car dealers

We inform our network car dealers nationwide. They compete online to make the best offer for your financed car.


Get your offer

We present the highest offer for your approval. Once accepted, we'll arrange a convenient, free collection date for your car.


4. Finish your sale and receive payment

Complete your sale hassle-free. Your payment will be securely transferred to your bank account within 24 hours of the car's collection.

Why sell a car on finance with Carplus and Motorway?

Instant valuation

Get an accurate car value instantly with our cutting-edge tech, using live market data for a swift and precise estimate.

Highest price

We find the best-paying dealer in our network, ensuring you get the highest price for your car hassle-free.

Free home delivery

Complete your sale in just 24 hours with our free home collection service. Enjoy a seamless process and fast payment† at your doorstep.

100% free

It won't cost you a thing. Our service is entirely free for you as dealers cover the fee to buy your car. Sell your financed car effortlessly with us.

What do you need to sell your car on finance?

Bring your V5C form for the car selling process.
Include the service history when selling your vehicle.
Ensure you have your driving licence on hand.
Show proof of purchase for a seamless transaction.
If on PCP or HP, provide the finance settlement letter.

What happens when you sell your car on finance?

If you're financing your car through HP (Hire Purchase) or PCP (Personal Contract Purchase), it's crucial to note that the vehicle remains under the finance company's ownership until you've settled the full amount owed. Despite this, selling a car with outstanding finance is a viable option. Reputable car dealers and buying services often have the ability to clear the finance on a car still under contract, allowing you to exit your current agreement and sell your car hassle-free. In essence, while you might not possess the immediate right to sell, practical solutions exist. Trusted dealers and services can simplify the process, providing you with a clear pathway to sell your financed car, even before the contract concludes. Ready to sell? Let us help you navigate the process smoothly.

How can I sell my car with outstanding finance?

Can I sell a car with outstanding HP finance?

If your car is under a Hire Purchase (HP) agreement, the legal ownership remains with the lender until you complete all payments. To sell the car, follow these steps:

  • Get a Settlement Quote: Contact the finance company for a settlement figure. You'll receive this within a few working days, outlining the amount and a specified payment period.
  • Clear the Amount: Pay the settlement figure within the given period. Once settled, you gain the right to sell the vehicle.

For those who've paid less than half of the total owed, an alternative exists. Utilize Section 99 of the Consumer Credit Act 1974 – 'voluntary termination':

  • Return the Car: Pay the remaining instalments to reach at least half of the outstanding value, covering interest and fees.

Selling your financed car becomes straightforward with these steps. Explore our guide for more insights on cancelling your car finance early. Ready to sell? Let's make it happen.

Can I sell a car with outstanding PCP finance?

If you're looking to sell a car under a Personal Contract Purchase (PCP) agreement, it's a straightforward process:

  • Complete Repayments: Ensure all repayments, including the final balloon payment and additional fees, are settled.
  • Early Settlement: Should you wish to sell mid-agreement, consider paying off the PCP early – especially if the settlement figure is lower than your car's value. Once settled, you become the legal owner, ready to sell as you please.
  • Voluntary Termination Clause: Some PCP contracts offer a 'voluntary termination' clause. If you've paid half of the total repayments, returning the car is an option, though you may forfeit potential positive equity.

Remember, the finance company's decision affects vehicle ownership. With a settlement letter and the original V5, selling to us is a hassle-free process. Ready to sell? Let's make it happen.

What are the requirements for selling your car on finance?

  1. Obtain a 'settlement figure' from your finance company, which specifies the final amount needed to end the finance contract.
  2. The settlement figure is typically valid for 10 days, during which you should sell your vehicle or request a new settlement figure if needed.
  3. If the settlement figure exceeds your offer (known as negative equity), you'll need to pay the difference to the dealer, who will settle the amount with your lender.


What affects the price I’ll get for my car?

Ever wondered what influences your car's price?

  • Current Market Prices: Our live market data ensures a fair and accurate valuation.
  • Age and Mileage: Newer cars with lower mileage hold more value.
  • Condition: Imperfections like scratches and wear impact your car's worth.
  • Previous Owners: Fewer owners generally mean a higher valuation.
  • Service History: A full history enhances your car's value compared to a partial or missing one. Sell with confidence, knowing the factors that determine your car's price.

Is it illegal to sell a car on finance?

Yes, it's legal to sell a car with outstanding finance, but follow essential steps: notify your lender, get a settlement letter, and clear the balance. Selling without disclosing financial obligations is illegal. Until fully paid, the lender is the owner, and you're the registered keeper. Posing as the owner is risky – your buyer may refuse the remaining finance, leaving you liable for shortfalls, legal fees, and fines. Review your contract's terms and conditions before selling. If unclear, seek legal advice to understand your rights. Selling a financed car is legal, but transparency and adherence to contractual obligations are crucial. Sell confidently, staying informed to avoid legal consequences.

What happens if I buy a car with outstanding finance?

If you accidentally buy a used car with outstanding finance, you can keep it, known as 'good title.' But, be prepared for the finance company to ask for payment, assuming you're innocent.
The final say is with the finance company. If they say you're responsible, get help from the Financial Ombudsman or seek legal advice to sort it out. Handle it carefully to make sure things end up fair and legal. Stay informed and make the right moves when dealing with unexpected issues in your car purchase.

Can I sell a modified car on finance?

Yes, you can sell a modified car. However, the number of offers you receive may be affected because some dealers prefer standard vehicles. To increase your selling options, provide documentation of professional modifications and consider keeping original components, as dealers may purchase to restore the vehicle to its original condition.