Car Loans > Q&A > Car Loans - Do i need a full UK licence?

Car Loans - Do i need a full UK licence?

Hi, do i need to have a full licence to apply for finance, as i was applying for my brother in law as he was having problems, he has a full clean licence on our address? Many tahnks

Posted by Mr Robinson on 30/08/2011 @ 15:00

Hi Mr Robinson, thank you for your question. If we did the finance solely in your name we do have 1 lender that we could get you approved with whereby we just need a provisional driving licence. Is the car for both of you or just your brother in law? How bad is his credit and where has he tried to get approved? Kind Regards, Edwin

Posted by Edwin Miles on 30/08/2011 @ 15:09

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THE CAR WOULD ONLY BE DRIVEN BY HIM AS I HAVE NO LICENCE HE HAS A FULL LICENEC PHOTOCARD AND MY DAD AL;SO HAS ONE BUT YOU TURNED THEM DONW FOR FINANCE? THANKS

Posted by Mr Robinson on 30/08/2011 @ 15:16

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Hi there, ok - i understand. In that case we have 1 lender that we could get you approved with but the rates would be quite high (15% - 20%). Kind Regards, Edwin

Posted by Edwin Miles on 30/08/2011 @ 15:22

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THANKS EDWIN WHAT DO I DO NOW THEN ?, I KNEW THE RATES WOULD BE HIGH BUT HES PAYING ANYWAY , THANKS EDWIN WHAT DO I DO NOW.

Posted by Mr Robinson on 30/08/2011 @ 15:23

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Please just make an application and we'll process it. Please be aware though that if your brother in law doesn't keep up with his monthly payments it'll effect your credit rating and not his.

Posted by Edwin Miles on 30/08/2011 @ 15:32

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Hi, i have been told my credit is scored in the 800;s well i have a provisional licence only and am waitin to save some money for my test, my partner has a full uk driving licence but he has a low credit score, i want to get a car on finance but some companies have knocked me back as i dont have a full driving licence. Do you have any advice on what to do basically?

Posted by Kirsty on 15/10/2011 @ 12:44

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Hi Kirsty, if i'm completely honest i'd save up and get your test passed and then apply with us as we'd get you a better rate of finance than we could for your boyfriend. We only have one bad credit car loans lender who helps people with provisional licences but their rates are quite high. If you need a car now then get your boyfriend to apply and we'll see if we can get him approved for you. Kind Regards, Edwin

Posted by Edwin Miles on 15/10/2011 @ 14:17

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Thanks for the reply. I understand that the apr will be higher than usual without a full uk licence but we are willing to pay for that as we need a car and my partners credit is really low ans he's been told he cant get finance. What's the company called u go with for provisonal licence holders my partner would be the driver till i save for my test.

Posted by Kirsty on 15/10/2011 @ 16:09

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Hi Kirsty, the finance company is called First Response Finance. They only deal direct with dealers so please make an application ith us and we'll see if we can get you approved. Kind Regards, Edwin

Posted by Edwin Miles on 17/10/2011 @ 09:50

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Posted by Steve on 30/11/2011 @ 22:59