Take over someone’s financed car??

[Letta80]

Is it possible for me to take over my brothers car (he took it out on finance in 2015 so some of it has been paid) if so how would we go about doing it? Tia

Probably not as you brother will not own the car, the finance company will. You could try approaching the finance company and asking them to transfer the finance agreement to you, but be very sure you want to do this.

Have a good look at the terms of the finance. Is it really worth keeping the car? Some car finance has ridiculous penalties for exceeding agreed (very low) annual mileage.

What is the interest rate? Would it be cheaper to get a personal loan and pay off the finance. You need to get all the facts before you decide.

Depends on why you’re taking it over really? If it was taken out in 2015 then it’s nearly finished surely?