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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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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

How many cars can you have on finance at one time?

Hello Edwin, Is there a limitation on how many cars one person can have on finance at any one time?

Posted by Stacey on

Answer.

Hi Stacey, this would all depend upon your credit score and whether the finance company thinks you'd be over committed if they gave you a new car loan. It isn't uncommon for people to have 2 or even 3 credit agreements in their name. How many finance agreements do you need? Edwin

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Question.

I just got 2 cars - one for my wife and one for me. I am trying to get another car. Do you think this is possible? My credit is kind of bad.

Posted by Jose on

Answer.

Hi Jose, as long as you can show that you can afford the repayments you'll be fine. Lenders may think you're over exposed however if you have too many live agreements. Please make an application and we'll take a look. Kind Regards, Edwin

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