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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Can I Finance More Than One Car At a Time?

Hi Ed, I currently have finance on a car, about £25k (family jeep), though I am looking to finance another car for £15k (my own personal sports car). I want to put down about £1k deposit. I earn about £60k per annum - will I be accepted for a 2nd agreement?

I also want to buy a car for my niece, a small Vauxhall Corsa for about £5k (which I can pay for outright) but it would be easier if i financed it? How many cars can be financed at a time?

Posted by Daniel J on

Answer.

Hi Daniel, as long as your credit history is in good shape and you can prove your income (if requested) to show that you can afford both cars then you can finance 2 or even 3 cars at the same time.

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, Edwin

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Question.

I am being told that I cannot finance 3 vehicles without a co-signor. The 3rd vehicle is for my daughter.

Posted by Janet on

Answer.

Hi Janet, as long as your credit history stacks up and you can afford a 3rd car then there's no reason why we wouldn't be able to finance a 3rd car for you. Kind Regards, Edwin

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