Can the new vehicle be paid by finance arrangements in the name of a third party other than the registered keeper?
Yes, providing it is not a leasing or contract hire package where the ownership rests with the leasing or contract hire package company or any other financing arrangement where the customer and keeper will not ultimately own the new vehicle and/or where the registered keeper’s name and address does not appear on the new vehicle registration certificate. Again in these cases, the third party making the payment, should be shown on the invoice in addition to the person acquiring the vehicle ie the registered keeper. Some providers of financing packages will require the new vehicle to be registered in the same name as appears on the finance agreement. Where a finance provider insists that a new vehicle is registered in the same name that appears on the financing agreement (and that is not the keeper of the old and new vehicles), then this arrangement would not qualify under the scrappage scheme. Consumers can choose the most suitable finance package for their circumstances.
Yes, providing it is not a leasing or contract hire package where the ownership rests with the leasing or contract hire package company or any other financing arrangement where the customer and keeper will not ultimately own the new vehicle and/or where the registered keeper’s name and address does not appear on the new vehicle registration certificate. Again in these cases, the third party should be shown on the invoice in addition to the person acquiring the vehicle, the registered keeper. Some providers of financing packages will require the new vehicle to be registered in the same name as appears on the finance agreement. Where a finance provider insists that a new vehicle is registered in the same name that appears on the financing agreement (and that is not the keeper of the old and new vehicles), then this arrangement would not qualify under the scrappage scheme. Consumers can choose the most suitable finance package for their circumstances.
Related Questions
- Can the new vehicle be paid for by an individual third party ie someone other than the registered keeper of the new vehicle?
- Can the new vehicle be paid for by an individual third party, someone other than the registered keeper of the new vehicle?
- Can the new vehicle be paid by finance arrangements in the name of a third party other than the registered keeper?
