What Settlement figure means for you
On hire purchase (HP) and PCP, the finance company owns the car until the last payment. The settlement figure is the amount needed to clear that debt, including any early settlement charges. Ask the finance company for it in writing before you agree to buy.
Buying a car with finance still owed? Check it first. The Finance & Stolen Check costs £4.99, and a Full Check at £9.99 also covers finance. Where a debt remains, pay the settlement figure to the finance company, not the seller, so the car is yours outright.