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  1. #1

    Car has finance not in my name

    Hi - I have taken ownership of a car that has previous finance. If the person holding the loan defaults on payments, can the loan company remove the car from my possession as the legal owner?

  2. #2
    Much more detail needed here but, if there is finance on the car, you are not the legal owner.

  3. #3
    Haven't taken ownership, you have bought a car with finance on it, if the original person who took out the finance stopped paying then yes they can come along and take said car back and you will be left with having paid x amount for nothing.

  4. #4

  5. #5
    As long a the OP was unaware of the finance at the time of purchase he will get title to the car


 

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