Sell my Tesla Model 3 Model Y Model S Model X Tesla valuation How it works Value hub About
Finance

Sell your Tesla with outstanding finance

Most Teslas we are asked to value still have an agreement running. PCP and HP are both handled as part of the purchase, provided your lender’s settlement requirements are met.

How it works
White Tesla
01  The process

How settlement works

Five steps, in the order they happen.

  • 01
    Request a settlement figureAsk your lender for a settlement figure. It is usually valid for a set period.
  • 02
    Send it to usWe work from the figure your lender has given you, not an estimate.
  • 03
    Positive equityWhere the valuation is higher than the settlement, the difference is paid to you.
  • 04
    Negative equityWhere it is lower, the shortfall is cleared before the sale completes.
  • 05
    Settlement paid directWe settle with the lender directly, so the agreement closes properly.
  • 06
    DocumentsV5C, photo ID, the settlement letter and your bank details.
02  PCP and HP

The difference, plainly

The mechanics are similar. What differs is what happens at the end of the agreement.

PCP

You have been paying toward part of the car’s value, with a balloon payment at the end. Selling before that point is common and straightforward.

HP

You are paying toward owning the car outright. Once the settlement is cleared, the vehicle is yours to sell.

Either way

The lender owns an interest in the car until settlement is paid. That is why it is paid direct.

03  Questions

Common questions

Straight answers to what Tesla owners actually ask us before selling.

Can I sell my Tesla if I still owe finance on it?
In most cases yes. The finance is settled as part of the purchase and any equity is paid to you.
What if I am in negative equity?
The shortfall has to be cleared before the sale completes. We will set out the position clearly before you decide anything.
How long does a settlement figure last?
Lenders usually give a figure valid for a set period. If it expires we will ask for an updated one.
Do you pay the lender or me?
The settlement goes directly to the lender. Any remaining balance goes to you.
Start here

Sell your financed Tesla.

One registration is all we need to begin. Nothing is committed until you say so.

Value your TeslaAbout a minute
  • Free valuation
  • No obligation
  • Nationwide collection
  • Finance settled

What happens after you submit

  1. 01
    A valuer reviews your TeslaSpecification and condition against current used demand — a person, not a trade book.
  2. 02
    We come back with your figureUsually the same working day. Ask anything before deciding.
  3. 03
    You decide, and only thenAccept and we book collection, settle any finance and pay you.

Prefer to talk? Speak to the valuation team.