There are different types of car finances that come with different benefits. Some allow you certain things while others will allow something else. Therefore you should look into each type thoroughly to find out what best suits our needs. If you have the Hire Purchase car finance, you cannot sell the car. You do have the option to return it to the lender if you have paid less than half the amount. But you will still have to pay rest of the instalments. If, however, you have paid more than half the cost of the car, then you can neither sell it nor return it. You will not be able to sell the car unless you become the legal owner, which is not until you are done with full payments.
Under PCP financing, you can still not sell the car since in this case too, you are not the legal owner of the car unless the full payment is done. If you wish to get over with the agreement, you have the option to either pay all the payments together to become the owner of the car or another option is to pay half the payments and return the car. This half payment is not the half of the car cost but also includes interests and other fees.
Another option that can be available in some scenarios is that you shift the ownership of the car and then you can get rid of the agreement. This involves some paperwork under which you make the new buyer the owner and give up the ownership completely. In this case, there are many factors that contribute to the situation and how it can be handled. Whether the buyer is private or not is one of these. It is best if you contact your lender to find out the policy they follow. You might have to submit a written application to the lender requesting your demand. You might have to book an appointment with the lender to find out details. The lender will suggest the best solution to your query.