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Can You Transfer a Car Finance Agreement to Someone Else?

Summary by The Canary
According to recent industry data, nearly 40% of UK drivers with car finance have considered transferring their agreement to someone else. Common reasons include financial hardship, lifestyle changes, or needing a different vehicle. Research shows that 7 in 10 consumers aren’t fully aware of their options when wanting to exit a finance agreement early. While most lenders prohibit direct transfers, alternatives do exist. Discussing your situation…

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The Canary broke the news in United Kingdom on Thursday, April 17, 2025.
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