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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Who owns the car during a finance agreement?

Hello, i am about to apply for a car loan but i am just wondering who is the legal owner of the car till I finish all the payments? If I got the car loan can I keep V5C? Who's name is on V5C before finishing the loan?

Posted by Teena on


Hi Teena, a good question! When taking out car finance (hire purchase) the actual finance company owns the vehicle legally until all payments have been made. However, your name will be on the V5 and not the finance companies. I hope that helps. Regards, Edwin

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