Sell your financed car — officially
The buyer pays the lender directly, the lender issues a clearance and lifts the sale ban, then ownership transfers at the traffic department. The rest — your equity — goes to you.
Calculate your car equityWarning: power of attorney + trust receipts
“Selling” a car through a power of attorney and trust receipts exposes you to criminal liability and I-Score damage, and the loan stays in your name. Salka never accepts it.
What is the payoff amount?
Remaining principal + early-settlement fee (usually 5–9%) + any arrears + letter fees. Whatever is left of the car’s price is your equity.
Settle & Transfer steps
- 1Car Exit Report and price estimate
- 2Upload licence, ID, loan contract and a recent statement
- 3120-point inspection by an approved partner
- 4Buyer pays the lender directly
- 5Clearance letter + sale-ban lift
- 6Equity paid to you, then traffic transfer