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Moving car loan on PR


sinob

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Hi there,

 

We have a car on finance with Toyota Finance. We really would like to switch to a car loan but got told by our credit union when we applied that because there's an "expiry date" on our PR visas, we can only get a loan to that date.

I tried explaining it was to do with the right to travel to and from the country not an end date to the visa but got nowhere.

Has anyone else come across this? Are they correct in refusing a loan for longer than the "expiry date" on the visa?

Have any of you switched from a finance deal to a loan and who would you recommend?

Thanks in advance

Sinead

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