Can I sell a car I have financed?

Everything you need to know if you’re considering handing over the keys

Selling a used car is tough enough, which is why at NZCU Baywide we aim to make the process of selling your financed vehicle as straightforward as possible. Simply list your vehicle for sale, and once the outstanding loan has been repaid in full - either from the sale, out of your pocket, or a combination of the two - you’ll be free to hand over the keys.

It’s worth noting that potential purchasers undertaking a background check on the car will be made aware of any outstanding debts on the vehicle which, like bumps, scrapes, or flat tires, may affect their purchasing decision.

If you’re still unsure, please contact our team on 0800 229 943 and they’ll help you out.

Struggling to repay your vehicle loan? Consider these options before selling:

  • Give us a call for help and advice
    We’re dedicated to helping Kiwis live their best financial lives, so give us a call if you find that you’re struggling to keep up with repayments. Our friendly team will work with you on a payment plan that fits your finances, or discuss any early repayment fees you need to be aware of if you do choose to sell.
  • Dip into your savings to pay off the loan 
    If you’re struggling with the interest on your repayments, consider dipping into your savings to pay off your car loan a little earlier. If that’s not an option, you may want to consider… 
  • Consolidate your debts
    A single vehicle loan is fairly straightforward, but juggling it with other loans, credit cards, or debts can soon become overwhelming. Instead of selling, consider consolidating all of your debts into the one easy-to-manage, low interest loan with just the one monthly repayment.

More frequently asked questions about our vehicle loans

You may find the answer on one of the pages below:

If you have not found your answer, please feel free to contact us.


Want to know your options?

Use our vehicle loan calculator