Selling a car under finance can be a tricky and often legally complex task. With a loan contracts often a mile long and synchonising the sale with your payout figure nearly impossible, it might be worth looking into an easier option.
That’s where car buying yards come into the equation. Car buyers or even car buyers online can allow you to flip your car for quick cash and take the hassle out of interfacing between banks and buyers.
Selling to a commercial buyer means that you don’t need to time the payout figure and date with aloof private buyers. Simply get an online quote, sell your car and live life without your car repayments!
Your payout figure
To sell a car you will need to pay off all of the money owing on it to allow it to change ownership. It’s crucial that you get a payout figure from your lender to know how much money you’ll need to get for your car.
If this number is less that what you can sell the car for, you’ll need to make up the difference with your own money or refinance the remainder in an unsecured loan.
We hope that this has been a helpful article, for more info on selling your car to a car buying house talk to Car Buyers Online.
