Buying a car on finance is a great way to get the car you want without having to break the bank. But when you finance a car, the registered keeper of the car is an important factor to consider. In this article, we will discuss what a registered keeper is and whether someone else can be the registered keeper of a car bought on finance.
What is a Registered Keeper?
A registered keeper is the person who is legally responsible for a vehicle and is named on the vehicle’s log book (V5C). This is the person who is responsible for all aspects of the vehicle’s ownership, including insuring, taxing, and maintaining it. The registered keeper of a car is not necessarily the same as the owner of the vehicle.
Can Someone Else Be the Registered Keeper?
Yes, it is possible for someone else to be the registered keeper of a car bought on finance. This is because the finance company is the legal owner of the car until the loan is paid off. The registered keeper is the person who is responsible for the car, but the finance company is the one who holds the title to the car. In some cases, the finance company may allow a third party to be the registered keeper of the car, but this is something that would need to be discussed with the finance company beforehand.
When financing a car, it is important to consider who will be the registered keeper of the vehicle. While it is usually the person who is financing the car, it is possible for someone else to be the registered keeper. However, this is something that needs to be discussed with the finance company beforehand.
