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Help - Purchasing my Contract Hire Vehicle

Good morning,
I have been given a figure to purchase my Contract Hire vehicle, just printed off the paperwork to sign and noticed 'Due to contract hire regulations, we cannot sell the vehicle to the lessee'.
Does anyone know the implications of having the car put in someone else's name and then them then transferring over to me? The funds would be sent from me directly to the car company.
Any other way round this?
Thank you.

Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    The only implication is an extra keeper on the V5C.
  • Herzlos
    Herzlos Posts: 15,991 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What are they proposing as a way round it?
    Are you getting a good enough deal on the sale to go to the hassle?
  • Penelopa.Pitstop
    Penelopa.Pitstop Posts: 1,166 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 16 November 2020 at 4:17PM
    It's possible it will be sold to you by BCA or other automotive management company who acts as a trader, on behalf of finance company. That's how it works with VWFS.
    Just contact finance company and ask about it.
  • Are you sure it is a good deal.  I have looked at this in the past and it was a shockingly bad deal, so please be on your guard.
  • Grumpy_chap
    Grumpy_chap Posts: 18,547 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    LEI99 said:
    'Due to contract hire regulations, we cannot sell the vehicle to the lessee'.

    Are the quoting "regulations" as in the law of the land?
    Or, by "regulations", do they mean their commercial agreement with the car manufacturer?
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