car loan

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In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.
The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent.
Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

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  1. P

    NSW Car loan

    Hi, I am divorced but I have a property settlement to do on a car loan. The loan is on my ex wife and was gifted to me( registered on my name)and I am the one doing the repayments from day one. I have sent her a property settlement agreement and to give me a pay out letter for the car. But she...
  2. redness06

    VIC Car loan money not repaid

    My ex partner contacted me wanting my help she had no car to get her 3 kids around one is my child so we agreed if I got her a car she would pay me back got the car paid for all the one road costs and so on to a total of $7200 she paid $500 back into my bank and I've received nothing since and...
  3. Z

    VIC Child Support & Car Loan

    Hold on this is a complicated one. Looking for some advice A couple of years ago I decided to rekindle my relationship with my ex (1 child who is almost 18 now). During this short time (3 months) I was convinced to take a loan for a car and register to her. Since the separation it was agreed...
  4. N

    NSW Car loan issues

    In 2017 i got a car loan from car start for$7500. It was supposed to be for 3yrs last year I had to contact them over a payment that they claimed was missed but was only delayed due to a public holiday while on the phone I asked what was the balance due I was informed that is was still over 2yrs...
  5. L

    NSW Car to be Repossessed - Ex Refusing to Pay Car Loan?

    Please help. My ex and I are currently going through lawyers. We currently have money held in trust from the sale of the family home. In the meantime, my ex has the family car, which I have been paying a monthly car loan, rego and insurance for. The car is in ex's name, however, the loan is...
  6. J

    QLD Car Loan in Ex's Name - Separation?

    Hi. My ex-wife is making a Qcat claim towards me for 3k towards a car loan that is completely in her name. We have been separated and she still uses the car and its registered to her. I was never a guarantor. Also, I don't have a drivers licence and cannot drive. We are going through...
  7. F

    VIC Final Determination by FOS - VCAT as an Option?

    Hi, I have a dispute with 1 of the big 4 banks in 2018 from a debt I had with them in 2015. The bank stated I was sent a notice that if the debt was not paid I would get a default against my name. Long story short, here's a quick summary: Bank puts default against my name. I was not living...
  8. C

    VIC Car loan - ex wife still has loan in my name

    Looking for help . Car I gave wife in seperation settlement . Signed paper work to take me off car loan . He refinance was not approved . Found out loan is still in my name and I have nothing to do with car . She only has car because of me . Cannot get off loan unless it’s payed off . Any other...
  9. M

    SA Car loan debt owed and being pursued

    In 2014 my husband took out a loan for car for $56000. We were paying fine and over time I got I'll and our payments started to fall behind. We went to ombudsman to seek help. They gave us some leeway and we had reduced payments. My husband then lost his job in 2016 and I was ill with a...
  10. N

    QLD Financed Car with Ex - Who is the True Owner?

    My ex and I split, and during the course of our relationship, we purchased a car, which was registered in joint names and financed in only his. Almost 12 months ago, he agreed that he would pay the car off as child support and he transferred the registration of the vehicle in my name. Things...