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My question is purely hypothetical. If somebody who lived in the UK and had an English registered car on finance took it overseas permanently (France, Spain or Italy), re-registered it in the foreign country and then stopped making the repayments what could the finance company do?
Thank you for any assistance,
TFT
09/07/09 Business Studies BA(Hons) 2:1
eCar Insurance overpayment - £325
Settled in full - 15/09/08 NatWest Student A/C bank charges - £260
Settled under hardship scheme - 08/06/09 Natwest Business A/C bank charges - £60
Settled in full as GOGW - 20/04/09 Santander Consumer Finance late payment fees - £60
Part settled for £48 - 01/03/08 Peugeot Finance late payment fees - £50
Settled in full before county court hearing - 01/09/09 Peugeot Finance overpayment of £247
Settled in full - 01/12/08 Valley Leisure - complaint about collections agent
£160 part refund of gym membership in compensation - 01/02/09 HFC Bank - complaint about payment deducted from my account on wrong date
GOGW £10 - 01/05/09
I would say anything they want to in order to recover in the EU. Until fully paid they are the legal owners. Re registering under a foreign plate is no different to that of putting a personalised plate on in the UK. It's the 17 digit VIN number that counts and that cannot be changed unless specifically recorded such as a reshell after an accident and that is very cloesly controlled now.
I suppose it's down to exactly how far the finance company wants to pursuit it and the costs involved. I would also point out that by doing this knowingly is crimminal intent.
I know for a fact that a rather large finance company in the UK have agents that deal with repossessing cars that have been taken abroad in the EU, so yes they can is the answer.
Can a car be repossessed abroad?
Business Studies BA(Hons) 2:1
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