Selling a Car With Bank Finance in the UAE
Published
Many owners think a car with an outstanding bank loan cannot be sold. It can. This article explains how a sale works when the car is still financed, and what to prepare.
Yes, a financed car can be sold
At SwissCarMarket UAE we buy cars that still have bank finance. We settle the outstanding balance with your bank and pay you the difference between our offer and that balance.
How the money works
- Our firm offer is the price of the car.
- The part that is still owed to the bank goes to the bank.
- The difference is paid to you by instant bank transfer.
What to prepare
- Ask your bank for the amount you still owe. Banks may have their own conditions when a loan is settled early, so it is worth asking.
- Tell us in the valuation form that the car is financed.
Good to know
The offer is made after we inspect the car, at your home or office in Dubai or Abu Dhabi. If you decline the offer, you owe us nothing, and the seller never pays a fee.
Ready to know what your car is worth?
Get my free valuation