From My Garage
2026 RAV4 GXL Hybrid AWD
Update the details that affect an appraisal.
Registration
1ABC 234
State
WA
Odometer
38,450 km
Condition
Good
SELL OR UPGRADE
Work out what happens to your car loan when you sell
Estimate your vehicle equity, understand lender payout and prepare a safe path to sell, trade or upgrade.
Direct answer
Before selling a financed vehicle, obtain a current lender payout figure and estimate the vehicle’s realistic sale or trade value. Value minus payout gives an indicative equity position. Positive equity can support the next purchase; negative equity must be resolved before clear title can pass.
Product status
Automated valuation and sale execution are being developed
The current page provides the equity pathway and an interactive calculator. It does not yet return a verified vehicle valuation or create a binding purchase offer.
Get payout
Use a current formal payout, including interest and applicable fees to the payout date.
Estimate value
Use realistic trade, private-sale or purchase-offer values rather than an asking price.
Calculate equity
Vehicle value less payout indicates positive or negative equity before transaction costs.
The connected car journey
One intelligent account. Every car decision connected.
Research the exact variant, structure finance, follow settlement, understand your equity and choose what comes next.
Exact variantsSmart matchingLive progressVehicle valueLoan positionSelling pathways
Sell my car
Compare the next move—not just one offer
Start with the car already in your garage, update its condition and compare the speed, effort and likely outcome of each pathway.
Partner purchase offer
Prioritise speed and certainty, with less preparation and fewer buyer interactions.
Private sale pathway
Understand the extra preparation, enquiries and settlement steps involved when pursuing a private buyer.
Keep and refinance
Compare selling with retaining the car and reviewing the existing loan structure.
Pathways and example vehicle information are illustrative. Offers, values and refinance eligibility require assessment.
Interface examples demonstrate the BaseRate journey. Vehicle values, finance outcomes, status and eligibility vary by customer and financier assessment.
On this page
Positive and negative equity
Positive equity means the expected vehicle proceeds exceed the payout. Negative equity means the payout exceeds the vehicle value. Neither figure is final until the sale amount and lender payout are confirmed.
Selling privately, trading or accepting an offer
A private sale may return more but requires seller, buyer, PPSR, payout and transfer coordination. A trade or direct offer can be simpler but should be separated from the price and finance of the replacement vehicle.
Do not transfer an encumbered vehicle casually
Where a security interest exists, settlement should clear the financier according to verified payout instructions. The buyer or dealer may require evidence that the interest will be removed.
Action plan
What to do next
- 1
Request payout
Obtain the amount required to close the loan on the expected settlement date.
- 2
Establish a value range
Compare realistic trade, offer and private-sale outcomes.
- 3
Choose the pathway
Resolve any shortfall and coordinate payout, payment and transfer safely.
Common questions
Frequently asked questions
Can I sell a car with finance owing?+
Yes, but the secured loan and registered interest need to be dealt with correctly during settlement.
What happens if I owe more than the car is worth?+
The shortfall must usually be paid or addressed through an acceptable new structure before the existing finance can be closed.
Does BaseRate buy my car today?+
No. The current page provides education and an indicative equity calculator, not a verified valuation or binding purchase offer.
Reviewed by Scott Iriks, Founder of BaseRate · Last reviewed 2 August 2026.
General information only. A financier determines actual eligibility, rates, fees, terms and approval after assessment.