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Car on Finance
Comments
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Starry_Night wrote: »Bazzyb all I know it was done through the garage we got the car and it’s Santander
Dealer finance through Santander would most likely be one of three options:
- Conditional sale
- PCP
- Personal loan
You would need to check the agreement to see what type of agreement it is.
If it is conditional sale, then Santander are the legal owners of the vehicle. When the final payment is made, ownership with pass to your ex husband.
If it is PCP, then Santander are the legal owners. At the end of the agreement your ex husband can choose to make a final balloon payment to purchase the car, or hand the car back to Santander.
If it is a personal loan, then your husband is the legal owner.
It is most likely going to be conditional sale or PCP but Santander do occasionally use personal loan as an option.0 -
Thank you very much. I will have to try and find out0
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