At Carbye, you can sell your financed car quickly and simply.
When you and your matched Trusted Local Dealer have agreed a price for the transaction, they will clear your finance with your lender using the funds from your sale.
To check your eligibility, see our FAQ. Can I sell my car if it’s on finance?
Get a quick, free appraisal on Carbye to find out how much your car is worth now.
When you have agreed a price with your Trusted local Dealer you can go online or call your finance provider for your 'settlement letter'. This must include the entire amount payable, the finance company's bank information, and the agreement reference number.
The settlement figure indicated in the letter is only valid for a limited time, typically 10 days. It's also important to double-check your contract to see if you pay any extras fees for settling your finances early.
Our Dealer Network manage these settlements for their customers on a daily basis and will assist you with this and help with any queries or uncertainties you may have.
When you sell your car through Carbye to one of our Trusted Local Dealers, the proceeds of the sale will be used to pay off your remaining finance.
Please keep in mind that it may take up to ten days for your lender to register that the finance has been cleared. Any overpayments from your account will be promptly repaid.
When you request a settlement letter, your finance provider is legally required to send it to you via post or email within 12 days. However, the figure is normally delivered within 1-3 business days.