Britannia AuctionsCan you sell vehicles that still have finance on them?
Yes, where the funder agrees. Tell us at the outset which vehicles are subject to hire purchase, lease or loan. A vehicle on finance belongs to the funder until it is settled, so we contact them for a settlement figure and their agreement, and where they agree the settlement is paid from the proceeds. The settlement figure often sets the reserve, and early disclosure avoids delays.
This question comes up in
Commercial vehicle and fleet auctions
Vans, trucks, trailers and whole fleets sold with the paperwork sorted and finance settled.
Related questions
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- Selling a commercial vehicle fleet
Fleet sales turn on paperwork as much as on price. This guide covers the V5C, MOT and plating documents, clearing finance before listing, keys and livery, recording mileage and tachograph data, and how to defleet in batches while still trading.
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