Car stolen whilst on finance

If you’re like most people, you probably rely on your car to get from point A to point B. And if you’re like most people, you probably don’t want that car stolen. Unfortunately, car theft is on the rise, and it can happen to anyone. If you have a car that’s financed, there are a few things you can do to protect it from being stolen. In this blog post, we will discuss some of the best ways to protect your car from being stolen while it’s still in your possession!

What to do if your car is stolen?

If you car has been stolen whilst on finance, there are several steps that you can take to protect both yourself and your car from further harm.

Firstly, it is important to report the theft as soon as possible. You should contact the police to inform them of the incident, making sure to provide them with any relevant details such as the car’s make and model, license plate number and where it was last seen. It is also advisable to contact your car financing company so that they are aware of the situation. This will help ensure that your car is not sold or re-financed without your knowledge or permission.

Once you have reported the theft of your car, you can start looking into ways to protect yourself against any potential financial losses.

How to get a new car if your old one is stolen?

When you’re car shopping, it’s important to consider the risks involved with car theft. Unfortunately, cars that are financed can be particularly vulnerable to theft due to their high value and the fact that they may have a tracking device installed. While car finance is an excellent way to get behind the wheel of your dream car, there are steps you can take to ensure your vehicle stays safe from thieves.

Here’s how:

1. Park in secure locations:

Make sure you always park in well-lit areas or car parks that are monitored by CCTV cameras. This will reduce the chances of someone stealing your car while on finance as it won’t be easy for them to access it without being noticed.

2. Install an anti-theft device:

Installing an anti-theft device such as car alarms, immobilisers or GPS tracking devices can help to deter car thieves. Make sure you check with your car finance provider to find out what security measures they recommend.

The consequences of not having a car

To protect your car from theft and other unforeseen circumstances, here are a few tips that can help:

1. Get Comprehensive Insurance Coverage- Make sure that you have comprehensive car insurance coverage in case anything happens to your car while you are on finance. This way, if your car is damaged or stolen, your insurance policy will provide compensation for repairs and/or the cost of replacing it.

2. Invest in Safety Features- Many car thieves target vehicles without security features, such as alarms and immobilisers, so it’s important to invest in good car safety features to protect your car while it’s on finance. Steering wheel locks, car tracking devices and car alarms are all great ways to make sure that any theft attempts will be thwarted.