Of course – and we'll even settle your outstanding finance for you.
Here’s how it works:
1️⃣ Get a settlement amount from your lender
2️⃣ Enter that settlement amount when you get a valuation for your car
3️⃣ We’ll deduct the settlement amount from your car’s value
4️⃣ Book an appointment to sell your car
5️⃣ We'll ask you to upload your settlement letter so we can settle your finance directly with the lender
🔻 Negative equity
If your settlement amount is higher than your car's value, we can't buy the car outright.
You can still part-exchange your car and get a new one from cinch, we'll just ask you to pay the difference at checkout.
💡 Personal loans
If you bought your car with a personal loan that isn't secured against the car, you're the legal owner, so you can sell the car to cinch without settling the loan first.
Just keep in mind that we can't settle your loan for you, so you'd still need to repay it after selling your car.
📌 Important: We can’t settle finance agreements with arrears, so you'd need to clear any overdue payments before your appointment.