You can get Joint or Guarantor Finance

Customers sometimes want to have a joint contract or need one for affordability reasons. Many of our lenders support this approach so we can get you car finance without the fuss.

We have customers who want to share the commitment of monthly payments on a car and a joint agreement is often the best solution. You jointly own the car and are responsible for payments over time. Where one partner or relative may not have sufficient affordability to purchase a car then using a joint or guarantor approach to car finance can also work. With joint or guarantor finance it's best to phone us up front on 01723 33 53 33

How do Car Finance 4 Bad Credit get you credit if you have poor credit?

Here are some of the most common questions we get to do with Joint car finance or Guarantor finance but everyone's different so if you are considering a joint application please contact one of our friendly account managers on 01723 33 53 33 to discuss if you have any queries. If you are consid.

What is Joint Car Finance?

Joint car finance is an arrangement where you jointly apply for and then hopefully receive approval to share the cost of acquiring a car on finance. It is typically used where partners want to share the responsibility for payments or where one partner does not have sufficient affordability to get the car they want. By applying together the applicants increase their chances of approval. Guarantor finance is where someone stands surety for the loan - which means that they are responsible for paying the loan if the principle customer defaults on a loan.

What is the process for applying for Joint Finance.

If you have very little credit history or what is know as a "thin credit file" or you think that your credit history itself will not get you car finance or you have been refused car finance by a number of lenders or brokers, the best thing is to apply first using soft search. If you are declined but you have a relative with good credit history living at the same address we may still be able to help. Obviously you still need to get the agreement of the relative to apply for finance in a joint finance agreement but once you have this please contact us on 01723 33 53 33 to discuss further and the solution may be to enter a joint application.

Why should I phone you up front for a joint or guarantor car finance application?

The key reason to call us up front is to ensure that we are able to access the best rates from lenders. Joint applications take into account both joint applicant's credit history so we need a bit more information than with a single person application. For Guarantor finance we need to ensure that both parties are fully aware they are applying. We still only use soft search up front so applying for joint finance does not hurt either parties credit score.

Do you need to share the same address for Joint or Guarantor car finance?

Most lenders who accept joint will want you to reside at the same home as each other when you take out a Joint or Guarantor loan but we do have one lender that will accept joint applicants from seperate addresses.

Who can apply for Joint finance?

You will need to be the Spouse, Partner, Civil Partner, Brother / Sister or Son / Daughter of the joint applicant in order to apply for Joint or Guarantor car finance.

How much will car finance cost?

Please use our Car Finance Calculator which you can find below. You can apply here (link) to get an exact rate using our soft search service or you can also use our handy car finance calculator below to get a feel for what it could cost

See how much you can borrow

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