🚗 **Are You Stuck with Your Car Finance? Here’s What You Might Not Know!** 🚗
Did you know that over half of car owners are unaware of a key rule when it comes to selling their car? According to new research from Motorway, many people mistakenly believe they need to pay off their car loan completely before selling. If you’ve ever thought you’re trapped in your car finance agreement, you’re definitely not alone!
🤔 **Confused About ‘Negative Equity’?**
You’re not the only one! A third of car owners aren’t clued up on this and other car finance terms. The reality is, you can sell your car even if you still owe on it! For those who have taken out a car on finance, one in five feel like they’re stuck, while over 10% are unsure about how the selling process even works.
💷 **Why Does this Matter?**
With average monthly car finance payments now around £300, not knowing your options can be a financial headache. It’s essential to understand that selling a car with outstanding finance is possible, and sometimes the best way forward.
🧠 **Expert Tip:**
Financial expert Clare Seal explains, “Buying a car on finance isn’t just a convenience, sometimes it’s a smart move. And selling that car doesn’t have to wait until it’s paid off completely!”
Feeling financially trapped is no fun, so make sure you’re informed about your options. Your car’s future might not be as locked in as you think! 🏎️✨
Share this with someone who needs to know they’re not stuck in the driver’s seat! 🚙💨
#CarFinance #KnowYourOptions #DriveSmart