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by polo
(2918 points) |
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Can I sell my car when there is outstanding finance on the vehicle?
A friend of mine has offered to buy my car but there is outstanding finance on the vehicle. Can I sell it to him?
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| The Answer |
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It is against the law to sell a car or change the ownership if it still has finance on it.
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| Other Answers |
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the way around this is to
get the money from your friend
and pay off the finance company
then give him the car.
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yes you can. buyer needs to assume loan /re-apply or, find another finance source.
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