Before you sell your financed car, you need to know the clarify conditions with your bank. During the financing, the bank is the owner of the car note. Without this no car sale can take place. notice periods and interest defaults must also be taken into account.
If you want to sell your car despite financing, contact us. We first determine your vehicle value free of charge. In the case of a quick sale, we will discuss the conditions for the redemption with your bank and take care of the loan. Start now with our online calculator!
If the car is to be sold during a current loan, the question immediately arises: is it even possible to sell the car despite financing??
Before you sell your financed passenger car, you must clarify conditions with your bank. during the financing the bank is the owner of the car note. without it no car sale can take place. There are also notice periods and interest defaults to consider.
If you want to sell your car despite financing, contact us. We first determine your vehicle value free of charge. In the case of a quick sale, we will discuss the conditions for the redemption with your bank and take care of the loan. Start now with our online calculator!
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1. Selling a car despite financing – how to proceed?
If you want to sell your car privately despite financing, you can ask the responsible bank for a copy of the vehicle registration certificate or the registration certificate part II, so that the potential buyer can check the vehicle with the help of these documents proof of the owner of the vehicle has.
Another possibility is to make an open appointment with the potential buyer directly at the bank, in order to process the transfer of the purchase sum and the redemption of the car financing on the spot. Enclosed you will find a checklist with tips, how you can sell your vehicle even with current vehicle financing.
Evaluate your car now free of charge. Quick& simply sell at the highest price!
Selling a car privately despite financing – this is how it works:
- Informing the credit institution about repayment
- Let us quote you the amount for the redemption
- Set the price higher in the advertisement (room for negotiation)
- Inform the buyer about missing vehicle documents
- Make up difference if car value is lower
The sale of your car requires the consent of the bank, with whom you have taken out the loan. Sometimes, depending on the term and the amount of the loan and the individual situation of the finances, the repayment of car financing is anything but smooth.
There are also some dealers or car dealerships that provide a car loan that requires a high income and a credit history without negative features. Different individual circumstances do not allow to solve this matter financially quickly.
If, for example, an accident has occurred and the insurance company has to pay for the year-old car, it gets complicated. It can also take a very long time until the outstanding payment for the car loan is repaid.
The option one change of the credit institution if you want to sell the car, you have to get the permission in written form, which is connected with a lot of bureaucracy. Therefore, it is advisable that the sum is paid off quickly through a car sale.
2. Car financing – what does it actually mean?
Whether it is a leasing contract, a loan or a balloon loan with down payment: a car loan is coupled with liabilities and a lot of money. The car becomes your property only when the loan is paid, i.e. the remaining debt of the current loan is settled.
the vehicle financing of the car usually goes through an independent direct bank or a "manufacturer-dependent" bank. If you want to sell your bank-financed VW, you would not be able to avoid the VW bank, for example, since you have concluded your vehicle financing with them and they have to take into account the owner of the car title is.
In the following you can get an overview of some of the direct- as well as car manufacturer-dependent banks, where an replace the financing of your car can be wound up.
| santander | VW bank |
| bank of scotland | mercedes benz leasing |
| OYAK ANCHOR BANK | audi bank |
| creditplus bank | renault bank |
| norisbank | fiat bank |
| targo bank | seat bank |
| ING diba | skoda bank |
| postbank | toyota credit bank |
The conditions and rights that affect you and the financing of your car, vary between credit institutions. So the santander bank can have completely different conditions than the creditplus bank.
If you want to sell your vehicle with existing financing and without a vehicle registration certificate (registration certificate II), even though it is still running, it is not possible to do so the financing bank is the most important point of contact in any case. They keep the letter and give you the consent to sell your car during the financing period.
So you can sell your used BMW, audi, VW or other car brand to one of our experts selling despite ongoing financing. information on how to sell your car quickly and easily, even though the registration certificate is part II with your lender, can be found in the following section.
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3. Financed car sale – the right time?
Owners of new cars are always high value confronted. In the first years a vehicle has to suffer the highest loss of value in fact. Due to the high purchase price of a new car, the purchase of the car therefore quickly appears to be a losing proposition, and for many, a new purchase is not an option for this reason.
The early resale of the still young car is against this background a good idea.one of the easiest and fastest ways to sell your car is wirkaufendeinauto.De.
Our company is not bound to specific car brands or models. Therefore you can offer any used car for sale. Whether BMW, mercedes, VW, ford or even opel, kia, skoda – we also look at cars that no longer get a HU/AU or have an engine failure.
Even a financed used car is initially one of our experts appraised in a branch of your choice. Which of our sale options is suitable for you and your vehicle, you will find out directly after your appraisal appointment.
If the quick sale is one of your options, all you have to do is sign the purchase contract as a borrower and hand over your car to us. We will transfer you the purchase amount immediately to your account, properly deregister the vehicle and redeem the financing ahead of time.