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Car ownership


Guest Thebracha's

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Guest Thebracha's

I have a car on finance here in the uk. I don't have that long to pay on it but was unsure if I could ship the car while it still had finance remaining. I am assuming I can only ship the car if I own the vehicle out right?

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You need permission from the finance company to take the car out the country for any longer than I think it's 30 days. It will be in your finance agreement.

 

I guess if you can convince them that you will make the remaining finance payments there may be a chance they will allow it. But given your finance will be secured against the car then I wouldn't be that hopeful that they are going to allow you to take the security asset for the finance to the other side of the world (that is assuming that your finance is HP or lease type arrangement secured against the car)

 

However if you financed it via a personal loan, then this is not tied to the car. So you can bring the car over if you want to - the loan company have no claim on the vehicle

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