How to check if a car is on finance free?

Why should I check if car has finance?

It is prohibited to sell your car until you have paid off the finance term. However, that doesn’t stop some people from selling the car with outstanding finance, even though doing so is illegitimate. So it is essential to check if car has finance before proceeding to buy, since the finance report provides all the information needed for the vehicle. The data provided by CarDotCheck also contains valuation details such as the Forecourt price of the dealer, retail value of the trade along with plate change history, etc... CarDotCheck provides the most a detailed car history report.

Can I sell my car with finance outstanding?

Many cars are sold in the market with outstanding finance and it is illegal to sell without prior notice, which could get you in some legal tussle. Either for buying a used car or for selling one, it is good to check the car's finance, since some cars may have been handed over without settling the finance at all. In those circumstances, it is mandatory to check a vehicle’s financial statement because if you are not aware of the outstanding finance of a car and purchase it, then you will be forced to pay unnecessarily. Legally, you shouldn't sell your car with outstanding finance, always settle the remaining amount before selling.

Summary:

Eventually, all it comes to is this, a thorough check of the used car can give you a lot of benefits. Understand how to check if car has finance and why it is essential. Used cars are bought for convenience to reduce financial pressure but most of them still sell the car with finance outstanding, which is why, having an unexpected financial requirement can put a used car buyer in turmoil.