How do I sell a car with outstanding finance?

When selling a car and finance is owed on the vehicle, how should seller proceed with a genuine car sale so as to tell prospective clients appropriately and yet not turn them off?

Breda Hand (Athlone)

Apr 2014 Filed under: finance

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Expert answer

Hi Breda,

Just be honest and up front. Tell them whether or not you plan to pay off the outstanding loan (I'm presuming you do...) and see if they're prepared to trust you. You could of course enter into a written contract, drawn up and witnessed by a solicitor, but that could add endless extra expense.

Let us know how you get on

Neil Briscoe - Complete Car Adviser
@neilmbriscoe