Used EV with finance remaining

Finance generally never shown on book unless its a lease probably.

Yes get them to clear in advance or get a settlement amount and you clear it.

Saying that, with ev being hard sold at the minute, why bother with a car where that messing is involved.

Yes, the car isn't yours to sell until the finance is cleared. The finance is secured against the car.

Its a major problem if you buy a car with finance outstanding and the seller doesn't pay it off.

I’m just about to list my car, which is on PCP. Was planning to take out a short term loan to pay off the PCP once I have a deal in place (but before money changes hands). Is this the wrong way to go about it?

Yikes, that's one to watch out for, thanks for clearing that up guys

Far from a red flag.

Cars are bought and sold every day of the week with finance outstanding.

Perfectly normal.

That’s the issue really. No guarantee anything will sell these days.

Let me guess, you didn’t do a history check and just bought the car for full price without clearing the finance?

OP, it’s perfectly normal for someone to sell a relatively new car with finance still owed. Most people don’t have the immediate funds to clear the finance.

Transfer the settlement figure to the finance company and the balance (if any) to the seller.

If the finance is with AIB its fairly handy, you can do it in the branch.

Yes I did, 3 times in fact. Once in Australia and twice in the Uk. Most recent was in 2007. I might have put the seller on to identify themselves in the last instance and OK the provision of the data, but to be honest it's a bit of hazy.

A long time ago - back in the day before Motorcheck or Cartell