Hello, My partner wants to get hire purchase but has a bad credit rating. On the other hand i have a really good credit rating but he is the one that has the driving licence. Can we still get car finance or not?
Hi Marie, Yes this is possible as we have lenders on our panel that will look at joint applications. It will also strengthen your partners application from the lenders point of view if you’re on the finance agreement as you have good credit and your partner has poor credit.
There is a possibility of getting your partner approved just on his own as we have many lenders who offer bad credit car loans however, we might be able to get a better rate if you apply alongside your partner.
Please be aware though that if you go ahead on a joint car finance deal and your partner doesn’t keep up with the repayments then it will effect your credit rating also.
Please make an application and once approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel