What happens if I’m buying a vehicle with outstanding finance?

If you’re buying a vehicle with outstanding finance, the process is simple. When you win a vehicle that has outstanding finance, you’ll be able to see the settlement letter from the lender.

If the vehicle is in positive equity, pay the lender the total outstanding finance, and pay the seller the surplus. We will gather the payment details for both payees, so you can make both payments.

If the vehicle is in negative equity, you will need to collect the surplus equity from the seller so you can clear the total amount payable with the finance lender.

When you use Motorway Pay, clearing finance and paying multiple payees is even easier. Learn more about paying for financed vehicles with Motorway Pay in our FAQ Can I use Motorway Pay for financed cars?