The legal owner of a car on finance is the person who is named on the finance agreement as the borrower. The finance company will be the registered keeper of the vehicle. If the car is sold the new owner will need to inform the finance company so that they can update their records.
Who is the legal owner of a car on finance?
The legal owner of a car on finance is the person who is listed as the owner on the finance agreement.
How long does the legal owner have to keep the car?
The legal owner of a car on finance is required to keep the car for the duration of the finance agreement.
What happens if the legal owner wants to sell the car?
If the legal owner of a car on finance wants to sell the car they will need to get permission from the lender first.
Can the legal owner of a car on finance trade the car in?
The legal owner of a car on finance can trade the car in but they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to give the car back to the lender?
If the legal owner of a car on finance wants to give the car back to the lender they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to early terminate the finance agreement?
If the legal owner of a car on finance wants to early terminate the finance agreement they will need to get permission from the lender first.
What if the legal owner of a car on finance misses a payment?
If the legal owner of a car on finance misses a payment the lender may take legal action against them.
What if the legal owner of a car on finance wants to change their payment date?
If the legal owner of a car on finance wants to change their payment date they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to change their payment method?
If the legal owner of a car on finance wants to change their payment method they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to change their insurance company?
If the legal owner of a car on finance wants to change their insurance company they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to change their address?
If the legal owner of a car on finance wants to change their address they will need to get permission from the lender first.
What if the legal owner of a car on finance wants to add a driver to their insurance?
If the legal owner of a car on finance wants to add a driver to their insurance they will need to get permission from the lender first.
What if the legal owner of a car on finance has an accident?
If the legal owner of a car on finance has an accident they will need to contact the lender and their insurance company.
What if the legal owner of a car on finance wants to make modifications to the car?
If the legal owner of a car on finance wants to make modifications to the car they will need to get permission from the lender first.
What happens at the end of the finance agreement?
At the end of the finance agreement the legal owner of the car will need to make a final payment to the lender.