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Can I sell my car if i still owe money on it.

Posted by lee101 lee101
Message 1 of 2 908 Views

I have a secured car loan on my car, do I need to do anything to sell my car?

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Re: Can I sell my car if i still owe money on it.

Posted by MegB MegB
Message 2 of 2 890 Views

Hi @lee101, if you're trading the car in or selling it to a car yard, they'll generally send us a cheque/transfer to payout the loan. 

If you're selling privately, the loan will need to paid out prior to the sale. 

To obtain a payout figure for your loan, please log into your online banking and hit the 'Message us now' button, or the 'Ask us' button if using our app. Our Online Messaging Team are available 24/7 365 to assist with this. 

 

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