Get a settlement figure
Ask your finance company for a settlement figure, valid for a set number of days. That single number tells you whether the sale clears the debt or leaves a shortfall.
Positive and negative equity
If the offer exceeds the settlement figure, the finance is cleared and the balance comes to you. If it falls short, you pay the difference to close the agreement. On a broken van negative equity is common — knowing the number early avoids a nasty surprise.
How the transaction works
Typically the buyer pays the finance company directly up to the settlement amount and pays you the remainder. That gives you a clean release and documentary proof the agreement is closed.
Never sell without settling
Selling a financed vehicle without clearing the agreement leaves the finance company with a legal claim over it, which can follow the vehicle to an innocent buyer. Every reputable buyer runs a finance check before collection.
Common questions
- Do you buy financed vehicles?
- Yes, with a valid settlement figure. Tell us at enquiry stage so we can structure the payment correctly.
- What if the vehicle is worth less than the finance?
- You can still sell — you cover the shortfall to close the agreement.