Selling a car with outstanding finance in the UK

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How to determine
whether a vehicle has outstanding finance
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• It's crucial to find out if there is any
  remaining finance on any car you are considering
  purchasing.
• It's always best to inquire first because buying
  a car with unpaid finance could result in you
  losing the vehicle and being out of cash.
• Use one of the many affordable or occasionally
  even free online services available to find out
  if a vehicle has outstanding finance.

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What Is Car Outstanding Finance

• If a car's owner still owes money on the car,
  they shouldn't sell the car because they don't
  have legal ownership of it instead, the loan
  company is the rightful owner. Outstanding
  finance is the sum that is still owed to the
  lender.

• Can I sell a car with outstanding finance? If you
  buy a car with unpaid financing, you can run into
  problems where you can't show that you have the
  proper ownership of the car.

• It is best to confirm that the entire finance
  balance has been cleared before you purchase in
  order to prevent this from happening.

• If not, it may be difficult to demonstrate that
  you are a "victimized buyer," therefore it's
  important to try to do so as early as possible.

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Can I find out if a vehicle has outstanding loans?

• Using an internet tool, you can find out if a
  vehicle has outstanding finance. Some of these
  search tools may also check insurance write-off
  status (to determine whether your automobile has
  ever been classified as a write-off but is still
  road-safe), recall the number of prior owners,
  and MOT history in addition to determining
  whether there is any remaining finance on the
  vehicle.
• Most of the time, these services are free or
  inexpensive, however, more thorough examinations
  are more expensive.

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Can I sell a vehicle that has outstanding finance?

• An automobile that is financed cannot be sold
  because you won't be the legal owner until the
  entire debt has been paid, unless the proceeds
  from the sale will be used to pay down the
  outstanding balance this must be done with your
  lender's consent.
• To lawfully sell, you must pay off the entire
  amount financed, whether through regular monthly
  payments or an early settlement negotiated with
  the finance company. Check whether the vehicle
  has any outstanding finance or you should know
  about the vehicles history you can Check car
  details online.
• You might be able to pay a settlement sum to end
  your contract early, at which time the automobile
  can be sold lawfully.

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