Life situations may change, and your car should not stop you
You might want to change cars during the agreement period – and you can do so
“How can I trade in my car if I have a hire-purchase agreement?”
You can trade in your car for another car as long as your entire hire-purchase debt is repaid at the same time. Check the amount of your outstanding debtOpens new window and ask your car dealership for a trade-in price. In such a case, the car dealership will pay off the outstanding debt to Nordea Finance. It will also deliver a copy of the deed of transfer and the deed of sale to Nordea Finance. We will then send the registration certificate directly to the car dealership after having received the final payment. You may also wish to use the difference between the trade-in price and your outstanding debt as the deposit for your new car.
“I would like to trade in a leased car”
If you are looking to trade in a car mid-term, please contact the car dealership and salesperson from whom you leased the car. The salesperson will inspect the car and fill in a form regarding the termination of your agreement. Nordea Finance will make a calculation which will determine the costs arising from the termination of the agreement.
“I would like to sell my car to a private buyer”
You are free to sell your vehicle to a third party other than a car dealership. Before selling, check your outstanding debt in the Car Finance self-service channels online by logging in with your bank’s online banking codes or by calling our Customer Service.
Any outstanding debt must be repaid before selling the vehicle with the same payment details as the monthly hire-purchase payments. After this, Nordea Finance will send you the registration certificate. If you want the certificate to be sent directly to the buyer instead, send us a copy of the deed of transfer or the deed of sale by post or via Nordea Omaposti.
Traficom’s deed of transferOpens new window or deed of sale must include the car’s, the seller’s (the borrower’s) and the buyer’s details as well as the borrower’s and buyer’s signatures and names in block letters.
“What do I do if I want to assign my agreement to another person?”
If you want to assign your hire-purchase or lease agreement to another person, please fill in the application for a deed of transfer and send the application and its attachments to us. We will make a credit decision on the basis of your application, and if the decision is favourable, we will send the actual deed of transfer for signing to you and the new holder. By signing the deed of transfer, the new holder undertakes to pay off the outstanding hire-purchase debt or the monthly payments laid down in the lease agreement in accordance with the terms and conditions.
Please note that any comprehensive motor vehicle insurance policies linked to the agreement cannot be assigned to another holder together with the agreement. The new borrower must take out a new insurance policy for the vehicle. The new borrower must send us a copy of the insurance certificate after the actual deed of transfer has been signed.
The assignment of your agreement takes approximately 2 to 4 weeks and is subject to our tariff. Please make sure that your monthly payments are up to date at the time of transfer.
If the agreement to be assigned is an agreement of an estate, we will need the consent of all parties to the estate in order to assign the agreement. Attach the estate inventory deed and the deceased’s extracts from the Population Register from the age of 15 or a list of the parties to the estate certified by a local registry office.
Filling in the application
- Open the application for a deed of transfer (pdf, 877 KB)Opens new window here.
- Please fill in the details on the existing customer and the applicant (new borrower).
- Print out the application.
- Both the existing and new borrower as well as any jointly and severally liable borrowers must sign the application.
- Attach a copy of the applicant’s (new borrower) driving licence (both sides). If there is a jointly and severally liable borrower, also attach a copy of their driving licence (both sides).
- Send the application with its attachments digitally via Nordea Omaposti, in Nordea Netbank or Nordea Mobile or on paper by post. Applications sent digitally will be processed faster.
Digital signing of the agreement
If the decision on the assignment of the agreement is favourable, we will send you the agreement to be signed digitally if you have not selected another option. All the signatories will be notified of the document to be signed. The agreement will be signed in Nordea Omaposti. To log in, use your bank’s online banking codes. As a Nordea customer, you can also sign the agreement in Nordea Netbank and Nordea Mobile.
After signing the agreement
In order to change the borrowers, we need a copy of the new borrower’s insurance certificate. You can easily send the copy of the certificate by attaching it to a message either by logging in to Nordea Omaposti using your bank’s online banking code or in Nordea Netbank or Nordea Mobile. Select “Nordea Finance” as the subject of the new message. You can also ask your insurance company to send the certificate directly to us.
More information about sending the application with its attachments
Digitally via Nordea Omaposti or in Nordea Netbank or Nordea Mobile.
- Create a “New message” and select “Nordea Finance” as the subject of the message. Write in the message the content of your delivery and add a copy of the document as an attachment. Send the message to us.
By post to the address:
Nordea Finance Finland Ltd
Credit team/Car finance VO2140