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Car Finance in The AnswerBank: Personal Finance
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Car Finance

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cathanddale | 12:11 Thu 22nd May 2008 | Personal Finance
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I have a car on finance in my name and I want to transfer the car and the finance to my brother. Is this possible and how do I do it?
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This can only be done if the Finance Company/Bank will agree. It is called a Novation and just changes the name on the Finance Agreement. You can ask them, they may say yes but would need to check your brother's credit record first.

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