Free tool
Put your settlement figure against what the car is worth and see immediately whether selling puts money in your pocket or takes it out.
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Left over after settlement
£3,450 The buyer pays your lender directly and sends you the difference.Ask your lender for a settlement figure — the amount needed to clear the agreement today, which is lower than adding up your remaining payments because some future interest is rebated.
Then enter what the car is realistically worth. If you do not know, get a valuation first and come back.
A positive figure is equity: the buyer clears the finance with your lender and sends you the difference. A negative figure is the shortfall you would need to fund to release the car.
Negative equity is normal in the first half of a term and closes as the balance falls. It is a timing question, not a permanent state.
Questions
From your finance company, by phone or through your online account. Ask for it in writing — figures are usually valid for a limited period.
No, and it is usually lower. Early settlement rebates some of the future interest.
You would need to cover the difference to clear the agreement. See negative equity for the options.
Keep looking
Tell us about it once. We check the market and come back with the strongest price we can confirm.
Takes a couple of minutes.
Free · No obligation · No pressure to accept anything