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Topic starter
27/06/2011 8:40 am
Another quackish question!!!...
I have a car which is essential for my work as I start at 6am and there is no public transport. I don't own the car, I pay hp payments of £160 a month an have 4 and a half years till the car is mine. When I made entered the car agreement , the car purchased was £12k and I put a Deposit down of £5000.
So would I be able to keep my car? And since it's a hp, would it be considered an asset or not?
Thanks again.
27/06/2011 9:23 am
Hi sjm750.
Given that the car is on HP, that there is so long left on the agreement and that you have a genuine need for the vehicle, I doubt that it will be an issue at all in a trust deed if you went ahead.
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