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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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My partner wants to get hire purchase but has a bad credit rating. Can you help?

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?

Posted by Maria on

Answer.

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, Edwin

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Question.

Hello, My daughter is 23 and she is taking lessons. Does she need to have been driving for a period of time before she can apply for car finance? Thank you

Posted by Colin on

Answer.

Hi Colin, thank you for your question!

As your daughter is 23 she is old enough to apply for car finance. She doesn't have to have been driving for a minimum period of time. However, having a full UK licence does improve our options. I'd recommend holding off applying until she has passed her test.

When she's ready you can make an application here 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.

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Posted by Dragos Nicolae on

Answer.

Hi Dragos,

We may be able to help, The majority of our lenders do ask for applicants to have lived in the UK for a minimum of 3 years before they can offer an approval for car finance. We do, however, have a lender with whom this is not required, but they would instead ask for you to have a guarantor who is a UK resident - would your wife be?

Hopefully you will be able to prove your income! 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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