CAR FINANCE - Going abroad?

jebi771

Hi I currently have a car on HP itll end in around 4 years - I wanted to know if I would be breaking any rules if I were to leave the car abroad for a period of time? I would have it on fully comp british insurance as well as insurance in the country that I will be leaving it in (non EU). I know car finance must be on fully comp insurance but not sure about the rules around taking it abroad - I understand that you can take a car outside of the UK for holidays etc as long as paperwork is right, but if I want to leave it for say 3-4 months then bring it back, is this allowed?? What if I wanted to leave it abroad permanently and keep on paying my monthly payments? Would my finance have to be settled before I register it in a different country?

Hope this isnt a silly question I hope this was the right category to post in. 

born_again

Best to ask finance co. 

MEM62

If the loan is secured on the car the lender is unlikely to allow it.  It would be much more difficult, even if it were possible at all, for them to re-possess the car in a foreign country the event of a default on the loan.  The costs may even outweigh anything they would get back by selling it.