Still paying off your car? That's not a problem — it's one of the most common situations we deal with. Simply request a payout letter from your lender and provide it to our team — we handle the payout and pay you the balance instantly.
Contact your lender and request a current payout letter — they require this to come from you directly.
The payout is paid directly to your lender on the day of sale. Clean title, no loose ends.
The remaining amount hits your account via Osko — usually within 60 seconds of signing.
Tell us about your car. In the form, note that there is finance owing — just provide your lender name and loan reference number.
Contact your lender and request a current payout letter — this is the exact amount to discharge the loan. Lenders require this request to come from you directly.
We arrive at a time that suits you. Finance paperwork is prepared in advance — the day of sale is quick and uncomplicated.
We pay the payout figure directly to your lender and the balance to you via Osko at the same time. You confirm receipt before handing over the keys.
We have existing relationships with all major Australian finance companies. Most payout figures are received within 24–48 hours of our request.
A payout figure is what's needed to fully discharge your loan — principal, accrued interest, and any early termination fee. Finance companies issue payout figures valid for 14–30 days.
Example: We agree on $28,000 for your car. Your payout figure is $11,000. We pay $11,000 to your lender and $17,000 to you via Osko — simultaneously.
We handle everything else from there.
Yes — and it's very common. The majority of cars sold in Australia have some level of finance owing. Sold Fast can assist with the payout as part of the purchase. You'll need to request a current payout letter from your lender and provide it to us — once we have that, we handle the payment to your lender and pay you the balance via Osko.
Yes — once we've agreed on a price, you'll need to contact your lender to request a current payout letter. Lenders generally won't provide payout figures to a third party without the borrower's authority. Once you have the letter, provide it to our team and we'll take care of everything from there.
We work with all major Australian finance providers — Macquarie, Pepper Money, Toyota Finance, BMW Financial Services, Mercedes-Benz Financial Services, Commonwealth Bank, ANZ, Westpac, NAB, Latitude Financial, Autopay, Plenti, and more. If your lender isn't listed here, we can almost certainly still work with them.
This is called being 'underwater' on your finance. You can still sell, but you would need to cover the gap between the sale price and the outstanding payout. We will always be transparent about this before proceeding — there are no surprises.
Once the sale is agreed, we pay the payout figure directly to your lender and the remaining balance to you via Osko instant bank transfer. Both happen simultaneously on the day of the sale.
Some lenders charge an early termination fee when a loan is paid out before its scheduled end date. If this applies, it is included in the payout figure and comes out of the sale proceeds — not an additional out-of-pocket cost. The fee is typically modest.
Get your offer — request a payout letter from your lender and we'll handle the rest.
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