Originally Posted by
craigybaby
ahhh right cheers for that matey still cant sell it then
as i think that would put buyers off i know it would if it was me boo i got excited when i saw personal loan lol thank u all for clearing that up for me
Yes, you can. The loan is not secured against the vehicle and it's not correct that the finance company have placed that marker against that vehicle, remember:
"The Lender has no claim or interest in the vehicle"
If that's the case, why is the marker applied?
I've challenged this myself before, and there is no legal rule for the company to prevent you selling the car. You are bound by the terms and conditions of your agreement and if it says personal loan, with no reference to paying the full amount back before you own the car, then you can do what you like with the vehicle.
Of course, you'll still be responsible for the loan, that won't go away even if you sell the car.