This topic contains 2 replies, has 2 voices, and was last updated by adam khaliq 2 months ago.
7 May 2019 at 7:32 pm #167365
I purchased a new car on finance at the beginning of March and now my employer has asked me to relocate to the USA. I have checked the paperwork and the only section states the car cannot be taken abroad to sell for a profit however when I have asked to take the car the finance company have said no.
I have asked for a copy of the contract and as yet am waiting to receive it.
If I choose to cancel the contract early as they wont allow me to take the car out of the country, even though I have never signed a contract stating I couldn’t what will happen?
13 May 2019 at 6:00 pm #167539
Hi Alison. You will have to settle your car finance debt before you leave. Given that you only bought the car in March, this is likely to be an expensive proposition.
You can potentially ask your employer to contribute to your settlement costs, since they’re the ones asking you to relocate.
For more information, have a read of our article about settling a car finance agreement early.
17 May 2019 at 7:12 pm #167801
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