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Social Insurance Administration: Vehicle purchase

How does a car loan work, how much does it cost and what kind of car has to be bought?

You apply on My pages and hand in a mobility impairment certificate from a doctor if it is not already available with TR. A copy of the purchase agreement or an invoice for the car purchase must be submitted along with a bond issued and sent by TR. The amount of the lower loan is 180.000 ISK and the amount of the higher loan is 340.000 ISK the vehicle must be a passenger car or a van for general use.