Advertising a car that's on PCP?

[stewieyan]

Hi,
Thinking to selling the car privately.
It's currently on PCP. I want to make it very clear in the ad that it is on PCP and that finance will be settled once there's a legit buyer.
Is this good from a legal perspective or does finance need to be settled first before even advertising the car?
Thanks

[Driver101]

The buyer will want to settle the finance and pay you the additional money.

Make it clear in the advert. There is nothing worse when a seller adds obstacles in the way when buying a car.

[Wills2]

Perfectly legal to advertise a car on finance for sale, ever sold a house with mortgage on it?

[nick1871]

stewieyan said:

Hi,
Thinking to selling the car privately.
It's currently on PCP. I want to make it very clear in the ad that it is on PCP and that finance will be settled once there's a legit buyer.
Is this good from a legal perspective or does finance need to be settled first before even advertising the car?
Thanks

In my experience the finance company have always let the buyer pay them direct but if not then then it’s either clear it yourself beforehand or after their buyer pays you (if they are happy to do that). I’ve been on both sides as buyer and seller and never had an issue.

[valiant]

Perfectly doable.

Get a settlement figure so you know exactly what’s owed and clear it with a simple phone call once you have the funds. Can do it at the end of the sale so that the buyer is happy it’s now finance free.

[stewieyan]

Many thanks all, much appreciated!