Selling Your Car With Finance Owing

If you want to sell a financed car in Perth without clearing the loan yourself first the Sell My Car Pro is the answer. We pay your bank or finance company directly as part of settlement, so the encumbered car frees up the same moment the keys change hands. PPSR check, payout letter, ownership transfer, all handled.

Call a local Perth car buyer now on 1300 623 777

Cars Under Finance

If you owe money on your car, or have money owing and outstanding finance still attached, you can still sell. Your lender holds a registered interest and a legal interest on the Personal Property Securities Register (PPSR), which means the loan is legally required to be cleared before legal title can transfer ownership to the new owner. Trying to sell privately under those strict conditions is where most private sales fall apart, because a private buyer has no easy way to verify the car’s finance status. We handle this every week, working directly with Bankwest, Westpac, NAB, Toyota Finance, Mazda Financial Services, RACWA, and most other Australian banks and finance companies.

Sell My Car Pro buys financed cars across Perth metro, Mandurah, Rockingham, and the WA regional area. When the deal is handled correctly, the lender is paid directly first, the encumbrance lifts, and any additional funds above the payout figure transfer to your account in the same motion. No haggling theatre, no awkward gap where you no longer drive the car but still owe on it, no exposure to potential buyers who get spooked the moment finance status comes up.

What You Need Before We Can Finalise Anything

To finalise a financed car selling deal, we need one core document, and a few essential steps to clear the path.

Payout Letter

The payout letter (sometimes called a settlement letter) is what unlocks the rest of the process. Your finance company or financial institution issues it on request, usually by email, and it sets out:

  • Your outstanding balance and the remaining loan balance
  • The exact amount required to fully repay the loan, valid to a specific date
  • The lender’s BSB and account for direct settlement
  • Any early-payout fees so you know the additional costs upfront
Current step:1SMS Verification
2What car are you selling
3Upload Photos
4About you
5Your Valuation

SMS Verification

What car are you selling

Don't know it? Try this way >

Tell us about your car

Upload photos of your car

Front Car

Back Car

Right Side

Left Side

Dashboard

Backseats

Tell us about yourself

Thanks, test! Here’s your valuation

*Estimate to be confirmed upon physical inspection

Aston Martin D89

2008

68127 KM

Estimated Value*

$65,508 - $76,426

We’ll be in touch shortly to organise your inspection

What A Competitive Price Means

A competitive price is an offer based on current market pricing in Perth for similar vehicles, adjusted for condition, kilometres, service history, and demand. Having finance does not reduce your car’s market value. The difference is simply how payment is handled.

Your online estimated value is calculated using current market data and data supplied by valuation tools. Your final price is confirmed after inspection so the offer matches your car today.

What We Check At Inspection

Inspection confirms the details that move the price and ensures the final price is fair on both sides.

  • Condition inside and out, including paint, glass, and interior wear

  • Vehicle’s odometer reading

  • Service history and maintenance indicators

  • Registration details and ownership clarity

  • Whether all the components actually work (electrics, climate, infotainment, sensors)

  • Any modifications, legal only

  • A live PPSR check to verify the encumbrance and confirm no other registered interest sits on the car

  • Anything obvious that affects the final price

How To Get The Best Outcome

Small prep steps protect the offer and stop finance settlement dragging out. Pick the bracket that fits your situation.

Have The Payout Letter Ready

Request the payout letter from your lender directly before the inspection so we can lock in the outstanding loan balance and the exact amount needed to clear the loan early. Many lenders charge a small early-settlement administration fee. We factor that in so there are no additional costs sprung on you when the offer is signed off.

Share Finance Details Up Front

Tell us upfront which financial institution holds your loan and whether it is a secured car loan, an unsecured car loan, or a personal loan attached to the vehicle. Share whether you are up to date on loan repayments and how close the loan is to being fully paid. Clear finance details up front mean a faster sale process with no late surprises.

Provide Service History

Service history quietly supports the fair offer. Share logbooks, stamped service intervals, or invoices for any major work. Even partial records lift confidence in the car’s market value and reduce uncertainty at inspection. A clean paper trail typically nudges financed-car offers higher than identical cars with no records.

Be Ready For Inspection

Bring the payout letter, both keys, and rego papers if you have them. Book a slot at a time when you are home. Faster confirmation means faster direct credit to your bank account, and many Perth sellers walk away with the loan settled and the balance paid in a single afternoon.

What Happens After You Accept

Once the final price is agreed:

Offer Confirmed

We confirm the final price the moment the car has been inspected

Paperwork Handled

We prepare the WA ownership transfer and the sale paperwork with you, lodging the Department of Transport notification inside the 7-day window so the car cleanly leaves your name.

Finance Settled

We pay your finance company first, paid directly to the lender using the vehicle payout figure on the letter. The PPSR encumbrance lifts the moment the funds land.

Balance Paid To You

If the offer is higher than the vehicle payout figure, the remaining balance goes to you.

Paid By Direct Credit

Funds land in your bank account by direct transfer with no hidden fees.

Same Day Payment

Same day payment is available in most cases, depending on inspection timing and lender settlement windows. A few lenders only process payouts during business hours, so an early-morning inspection often means everything wraps the same day.

Don’t take our word for it.
Trust our customers

Customer Feedback

Dave Soh

Abdul and the team are fantastic. Got my new Hyundai i30 from them few days ago, drives very well.

They were very accomidating and fixed any concerns I had with the car. Glad to know there are still good trustworthy mechanics around!

E J

Contacted this place to get a quote for sale of my vehicle, honestly wasn’t sure how to go about selling my car, followed the link from their website, and the response was quick!

The team were very friendly and professional and the process of selling my vehicle was seamless, and done and dusted in no time.

I definitely recommend this place, it’s a great team that get things done! Thank you so much to the team for your help and support, it definitely put my mind at ease, not having to figure out how I was going to do this. Much appreciation!

Isaac Heathcote

These guys are bloody life savers

Really great service and incredibly professional

I’d highly recommend

Frequently Asked Questions

How Does Selling A Car Under Finance Work?

You provide a payout letter showing the outstanding balance. After inspection and agreement on the final price, we pay the finance company first using the vehicle payout figure. If the offer exceeds the payout, the remaining balance goes to your bank account by direct credit. The PPSR encumbrance lifts the moment the lender is paid, freeing legal title to transfer to the new owner. The whole flow stays stress free because nothing is left for you to chase.

Do I Need A Payout Letter Before I Start?

You can start with the online form and get an online estimated value first. Before we can settle the loan and complete a successful sale, though, you need a payout letter from your bank or finance company showing the exact outstanding amount and the lender’s settlement details.

What If The Vehicle Payout Figure Is Higher Than The Offer?

That is negative equity, and it is more common than people expect, especially on cars financed at peak market values during the post-COVID supply crunch. If the payout figure exceeds the final price, there is a shortfall to settle with your finance institution. You can pay the difference yourself to clear the loan, or roll the shortfall into a new car finance arrangement or trade in deal if you are upgrading to a new vehicle. We walk you through the financial implications clearly with a step by step guide to the numbers so nothing surprises you.