Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Car finance in my friends name but not the reg owner

  • 20-07-2014 3:07pm
    #1
    SunRain
    Registered Users, Registered Users 2 Posts: 14 ✭


    Hi my friends husband took out a car loan in my friends name a few years ago and she wants to give the car back under the half rule, but he does not want to, even though he hasnt paid the loan since he got it. The car is registered to him but there is still 8k remaining to pay.

    What happens in this situation. Frudian slip in the title.


Comments

  • #2
    endacl
    Registered Users, Registered Users 2 Posts: 22,409 ✭✭✭✭endacl


    Your friend learns an expensive lesson.


  • #3
    SunRain
    Registered Users, Registered Users 2 Posts: 14 ✭SunRain


    endacl wrote: »
    Your friend learns an expensive lesson.

    Harsh, anything to add to that.


  • #4
    coylemj
    Registered Users, Registered Users 2 Posts: 25,620 ✭✭✭✭coylemj


    If you made a mistake with the title, go back to your first post, edit it, click 'Go advanced' and you can edit the title.


  • #5
    whomitconcerns
    Registered Users, Registered Users 2 Posts: 4,396 ✭✭✭whomitconcerns


    Confused.. The HP is in her name and the car is in his name? Is that even possible?


  • #6
    Beano
    Closed Accounts Posts: 3,357 ✭✭✭Beano


    was it a car loan or was it HP? The half rule only applies to HP, not to car loans.


  • Advertisement
  • #7
    SunRain
    Registered Users, Registered Users 2 Posts: 14 ✭SunRain


    It was a HP agreement, and not a car loan.


  • #8
    ABajaninCork
    Closed Accounts Posts: 8,411 ✭✭✭ABajaninCork


    Surely it's not possible to have the loan in one name, but the logbook in another? Couldn't she just arrange with the bank to take the car?


  • #9
    Fred Swanson
    Closed Accounts Posts: 21,730 ✭✭✭✭Fred Swanson


    This post has been deleted.


  • #10
    goz83
    Registered Users, Registered Users 2 Posts: 8,035 ✭✭✭goz83


    Bank still owns the car. Your friend needs to speak to them and go from there


  • #11
    bilko47
    Registered Users, Registered Users 2 Posts: 13 ✭bilko47


    SunRain wrote: »
    Hi my friends husband took out a car loan in my friends name a few years ago and she wants to give the car back under the half rule, but he does not want to, even though he hasnt paid the loan since he got it. The car is registered to him but there is still 8k remaining to pay.

    What happens in this situation. Frudian slip in the title.

    The finance company owns the car till the last payment is made no matter whose name it is in. Even if he was to trade the car in or sell it on they are still the legal owners of the car. Its in the contract. She can stop paying and they will take it or sge can ring them explain the situation and they will send a recovery truck to collect it at his address with or without the keys or his permission.


  • Advertisement
  • #12
    bilko47
    Registered Users, Registered Users 2 Posts: 13 ✭bilko47


    SunRain wrote: »
    Hi my friends husband took out a car loan in my friends name a few years ago and she wants to give the car back under the half rule, but he does not want to, even though he hasnt paid the loan since he got it. The car is registered to him but there is still 8k remaining to pay.

    What happens in this situation. Frudian slip in the title.

    The finance company owns the car till the last payment is made no matter whose name it is in. Even if he was to trade the car in or sell it on they are still the legal owners of the car. Its in the contract. She can stop paying and they will take it or sge can ring them explain the situation and they will send a recovery truck to collect it at his address with or without the keys or his permission.


  • #13
    havana
    Registered Users, Registered Users 2 Posts: 754 ✭✭✭havana


    I was in this situation years ago. I asked the bank to take the car back under the half rule, they did, matter closed.


Advertisement