Can I sell my car with outstanding finance?
Published on the 22nd October 2025
Yes, you can sell your car even if it still has outstanding finance, for example through a Personal Contract Purchase (PCP) or Hire Purchase (HP) agreement. You’ll need to request a settlement letter from your finance company confirming how much is left to pay.
If your car’s value is higher than the settlement figure, you’ll have positive equity, which you can choose to take as cash or put towards your next New or Approved Used car. If it’s worth less, you’ll need to cover the shortfall (negative equity) before the sale can be completed.
The process for settling your finance may vary depending on your agreement, but we’ll guide you through each step to make it as simple as possible.