Can I Get A Car On Finance For Someone Else

Megan

18 Dec, 2018

It can be difficult to get insurance if someone else finances a car for you for a couple of reasons. We simply need a settlement figure from the current finance company well then get you accepted and once youve signed the new agreement well clear off the existing finance with the current supplier.

Car Finance On Someone Else S Behalf Osv

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So yes you can lease a car or get car finance on someone elses behalf.

Can i get a car on finance for someone else. This can be done by taking over someone elses lease or purchasing the car outright by taking over the loan payments. Its a question we get asked a lot. With each option you can wind up with a late model car to drive at a low cost with little out of pocket spending.

I have a pcp for my car and i want to start another one for my. While the other person may have agreed to repay the loan if you do so you are ultimately the one that is responsible for the loan and your credit report will be the only one that suffers if the other person does not make the payments. One way to obtain a car at a low price is to take on the obligations of another driver.

Since the other party is the one with the car in their name and thus the registered owner than you do not have insurable interest in the vehicle. Can someone else be insured to drive my lease car. Yes you can finance a car for someone else.

To get out of the situation you can indeed get finance yourself via us on the car. Theyll be able to drive the car and return the car without you. However the insurance policy will have to be in your name.

One is that you do not have insurable interest. Leasing is becoming increasingly popular but there is an assumption that there is a lot less flexibility in terms of who can drive the vehicle. Can i take out car finance for someone else.

But by adding additional drivers to the rental contract you can achieve almost the same goal. Is it possible to have more than one car finance agreement in my name. Can you rent a car for someone else.

Can someone else insure a car on finance. Can i take out car finance in my name if the car is for someone else asked by bradley on the car expert forum. Am i able to insure someone else to drive my lease car.

Hi i have a car on finance in my name however i dont need the car at the moment and my insurance ends soon. It does not mean that you have to be the main driver though and you can change the name of the main driver on a policy fairly easily. Taking car finance out for someone else also known as an accommodation deal is a high risk for a lender since if for any reason the borrower did not make payments and they sought to repossess the vehicle they would not be able to do so.

If you want to rent a car for someone else you should rent a car and add them as an additional driver. The car will then be yours. Can my girlfriend insure the car just stating that she is not the owner of the vehicle.

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