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Scottish Trust Deed Forum
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Topic starter
13/06/2014 6:46 pm
My husband has a trust deed that will finish in December, and his car is not an asset as it's old and knackered! My Dad recently gave me a small amount of money and it is enough for me to buy a used car myself, but this will be more than the £1000 limit. Is it okay for me to buy a car in my name seeing as the trust deed is in my husband's name? I am self employed and don't have a regular income, but it is enough for me to be able to run a second hand car that has been bought outright. Please could someone advise me?
Thank you.
13/06/2014 7:35 pm
If the car is yours then it wont impact on hubbies trust deed.
paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
14/06/2014 9:01 am
Hi jojunipermoon.
Paul is correct, you can buy/own a car with money you've been given without there being any implications for your husband's trust deed.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
17/06/2014 8:59 am
Hi jojunipermoon,
As Paul and TDA have advised, the car is yours and will have no impact on your husband's Trust Deed so no need to worry.
David is not currently posting in the Trust-Deed.co.uk forum
Topic starter
17/06/2014 2:05 pm
Thank you 🙂 Counting the months payments now... 5 left 🙂
18/06/2014 10:52 am
Hopefully those final 5 payments pass quickly for you and you can then both move on with things.
David is not currently posting in the Trust-Deed.co.uk forum
