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How to tell if there is outstanding finance on a car. Before you buy a used car, you should carry out a car registration check, which will tell you if any money is owed on the vehicle, and also if it has ever been involved in an accident or if itâs stolen.If youâre buying from a dealer, you can ask if they have carried out these checks or you can do your own.Our Car Passport can check the history of a vehicle and is thus a reliable way to avoid buying a car with outstanding finance.efore you buy a used car, you should carry out a car registration check, which will tell you if any money is owed on the vehicle, and also if it has ever been involved in an accident or if itâs stolen. If youâre buying from a dealer, you can ask if they have carried out these checks or you can do your own.
Yes you can sell the car, but you have to pay off the existing loan and have the lenders lien released first. You can sell a vehicle with a lien on the title.As the previous answer suggested you could have the buyer go with you and have him pay off the lien and then sign over the title to him when the lien is released. BTW-With a conventional loan (not a lease) you do own the car.eport Abuse. If you owe less than the car is worth, you might be able to. Remember, there is a lien on your car title. To remove the lien you will need to pay off the debt. That would be done by taking the money from the sale and applying it to the note and paying it off.