Can I Make A Joint Application For A Car Loan?

I have a poor credit score of 331 (but with no missed payments in my recent history, 2 years+). I've got a deposit of £2,000, and would be looking to borrow £8,000. Would it be possible to get a finance deal with my poor score? and just how high is the APR likely to be?

Asked by Louise
May 17, 2013

Hi Louise, i'm reasonably confident we could get you approved as you have a clean recent credit history and a large deposit. The APR you receive will be determined by the lender you're approved with and ultimately will be based upon your financial circumstances. Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel


How it works related questions

Hi, my partner and I are looking for some finance for a car, we are both in full time employment, I am on 30k per year, she is on about 26k per year, her credit is good, as I am only recently back in the country after 20 years in Australia, I do not yet h

Asked by Chris
May 17, 2013

Hi Chris, as you've only just returned from travelling i'd advise for you to apply alongside your partner with their permission obviously. You can make a joint application on our website. Once approved the £3000 - £4000 shouldn't be an issue due to your income. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

My wife has good credit history but i'm affraid mine isn't great. I haven't got a CCJ but have missed many payments but i'm now paying ontime! Could my wife apply for a car loan even though she doesn't have a driving license or would it be worth us applyi

Asked by Steve D
May 17, 2013

Hi Steve, it'd make sense to make a joint application with your wife as this would strengthen your application.

We do have lenders that help people with past credit issues so please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 3 People

My partner bought a car recently but due to bad credit the finance for the car is in my name and so are the insurance and registration documents. He would like the registration documents to be changed to his name but I would prefer them to remain in my n

Asked by Fiona P
May 17, 2013

Hi Fiona, thank you for your question. You are indeed correct in that all documentation should remain in your name until the finance agreement has been paid in full. As a worst case scenario if you changed the registration document into your partners name and you split up, the car would be in his name (however, it legally belongs to the finance company until all payments have been made). I hope this information helps. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 8 People

Hi, I have recently been rejected car finance for the first time. I've had 3 cars on finance all which were paid off but i think a couple late payments due to a mix up with direct debits with car insurance has knocked my score down to 623 at present. I'm

Asked by Dwayne
May 17, 2013

Hi Dwayne, thank you for your question. As you're after a large amount i'd advise making a joint application with one of your parents as your credit score isn't that strong. This will obviously improve your chances of being approved. You have a large income which is great but do you have a deposit at all? Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, I have recently moved and will be on the electoral role from 1st September as I'm told from the electoral role office. I have a pretty poor credit score of 505 but it is getting better. My partner has a great credit score, so would I be better applyin

Asked by Dougie
May 17, 2013

Hi Dougie, thank you for your question. In short, you'd have a better chance of being approved if you added your partner to the application. However, if you don't want to do this we do indeed help people with poor credit get car finance. Being on the electoral roll isn't mandatory to be honest - it helps but i wouldn't let this stop you from applying. Just make sure you place your new and old address on the application form. 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
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi, My partner is looking to buy me a car on finance even though he does not have a driving licence and has no intentions of getting one. I have a bad credit rating and would not be able to get finance so would it be possible for him to do this for me. I

Asked by Susan Finn
May 17, 2013

Hi Susan, thank you for your question. As your partner has no driving licence and as the car is for you to drive we do need you on the finance agreement. We do have lenders that help people with bad credit get finance so we should be able to do something for you if you can make a joint application on our website. Adding your partner will obviously improve our chances of getting an acceptance Please make a joint application on our website and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, my partner is looking to get a car on finance in her name but for me as i'm the one out of us both with a full uk licence. She has a provisional but doesn't want to drive just yet, she works in a bank and has a good income with good credit and i'm a p

Asked by Mathew
May 17, 2013

Hi Mathew, this isn't a problem as we have lenders on our panel that help people with provisional licences and good credit histories. I would advise to make a joint application though with yourself as the main hirer as the car really is for you. Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi, My partner is medically unfit to drive and will never be able to obtain a drivers licence, however he has paid for me to take driving lessons and now wants to get me a car. He wants the loan to be in his name and he would be the owner of the vehicle a

Asked by Claire Thomson
May 17, 2013

Hi Claire, thank you for your question. We do have 1 lender on our panel who provides car finance to those without a licence but they have to have a good credit history. You say your partner has good credit so that's great news. The car however, would have to be registered in your name for insurance purposes. Please make an application with your partners permission obviously. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 9 People

Hi, We are needing a new car but my credit is bad due to mistakes in my youth. (i do have a mobile phone contract though) My other half has very good credit but doesn't have a driving licence, could we apply jointly? We would be looking for 2,500 - 3,000

Asked by Simon
May 17, 2013

Hi Simon. Firstly thank you for your question. The answer is yes you can apply as a joint application as long as at least one of you has a licence and at least one is in full time employment. You would need to put an application through so our underwriters can assess what the best options for you would be. We may even be able to get you approved on your own as we deal with lenders who can help customers who have experienced credit issues. In any case it is important that you are showing that you are trying to improve your credit score through keeping up to date on any active credit accounts. It will also help if you are registered on the electoral roll. Thanks again, Rachel

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