Can You Make A Joint Application For Car Finance?

Hi, I have never had a car on finance before so i'm unsure how it works. Would it be best to get approved before viewing cars? And can we do a joint application.

Asked by Lorna Redfern
June 14, 2012

Hi Lorna, yes you can do a joint application on our website for car finance and yes it would be good to have an approval in place before you start looking for cars as we'll need to discuss your income and budget with you.

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, Rachel

My monthly budget is

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Rates from 8.9% APR. Representative APR 19.9%

My monthly budget is

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Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

Amount to borrow

To pay over

5 years

Assuming your credit profile is:

Total cost of credit	£ 2000
Total repayment	£ 2000

48 monthly
payments of

£ 245 98

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Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33.

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

How it works related questions

Hello, can you please tell me if you think you can help. My credit score is 630 and my wife's is 330 and we want around £8500. Would i be better on my own or finance with my wife. Can you help?

Asked by Jo
June 14, 2012

Hi Jo, as long as you can prove your income and have a full time job i'd just make an application on your own as your score is significantly higher than your wifes. Rachel

Hello Rachel, I am looking to purchase a new vehicle. I have £600 deposit and would ideally like to pay no more than £220 per month over 5 years. I recently moved back from overseas and have some credit histroy, I also have a letter from a log book lender

Asked by Matt Hubball
June 14, 2012

Hi Matt, how long have you been back in the UK and how long were you away for? Did you have any active credit accounts in the UK whilst you were away? It's tricky when people have been out of the UK for sometime to try and get them approved as the lenders don't have much information to base their decision on. However, we shall try our best to get you approved. Please make a joint application and we'll try and get you approved with the most suitable lender we have on our panel. You're earning good money which is great and you're getting on the electoral roll. I'd wait for confirmation that you're on the electoral roll before applying. Kind Regards, Rachel

Hi there, I am wondering if at all it will be possible to get a HP agreement for a car for around £5,000. We have been refused by other companies previously so slightly worried about making another application. I am a homeowner so pay my mortgage each mon

Asked by Moe
June 14, 2012

Hi Moe, thanks for your question and interest in CarFinance 247! The fact that you have been declined could well be down to the lenders criteria where you have applied. However, as we work with a large panel of lenders, we are often able to help customers that have been retired elsewhere! It's good that you're making your current payments on time, the lenders will obviously see that as a positive sign! Your joint monthly income can be taken into consideration too. Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Hi I have bad credit but I have a part time job my partner has excellent credit.

Would it better to do a joint application?

Asked by Jodi Lee
June 14, 2012

Hi Jodi, thank you for your question.

Yes it would be a good idea to make a joint application as adding your partner who has excellent credit will help your chances of an approval and also boost your joint monthly income.

We do have lenders that help people with bad credit and who have a part time job too. 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, Rachel

Hi Rachel, Thank you for your previous answers. Can you tell me how long it would take from making an application to receiving it in our bank account? We would prefer a joint application, but we are concerned that our credit ratings would go down when t

Asked by Rio Wilson
June 14, 2012

Hi Rio, thank you for your response. Typically, the funds are sent to the car dealership once you have chosen a vehicle. The only exception to this is if you obtain a Personal Loan from us. When you initially apply, we carry out a soft search. This will not affect your credit score. If then we believe you have a good chance of approval with a lender, we will send across your application to them and they will then carry out a hard search which will be visible on your credit profile. We would not send your application across unless we though you had a good chance of approval. Kind Regards, Rachel.

Hi, I have recently moved and will be on the electoral role from 1st September as I'm told from the electoral role office. I have a pretty poor credit score of 505 but it is getting better. My partner has a great credit score, so would I be better applyin

Asked by Dougie
June 14, 2012

Hi Dougie, thank you for your question. In short, you'd have a better chance of being approved if you added your partner to the application. However, if you don't want to do this we do indeed help people with poor credit get car finance. Being on the electoral roll isn't mandatory to be honest - it helps but i wouldn't let this stop you from applying. Just make sure you place your new and old address on the application form. 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, Rachel

Hi, my daughter is trying to obtain finance for a car for £7000. She has been in full time employment for one year on £18k per year. She has a mobile phone contract and has recently been approved for a store card. She has made one application for a loan

Asked by Jane
June 14, 2012

Hi Jane, we'd love to help your daughter obtain car finance. Where did she apply and get declined? Is your daughter on the electoral roll and does she have a deposit at all as this would improve her chances of being approved. Finally would you be able to act as a guarantor if need be to strengthen the application? Please make a joint application when you're ready and if approved your daughter can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Hi there, I would like to buy my partner a car and pay off monthly (finance). I am fully employed earning £600 a week before tax. I have a fair credit score between 800 and 865, i have a credit card and mobile phone bill which i pay off in full on time ea

Asked by Hollie
June 14, 2012

Hi Hollie, we have a few personal loan lenders on our panel that allow you to use the funds as you so wish. They can also help people with fair credit so we have a reasonable chance of getting you approved. The rate and amount you can borrow will depend upon your personal circumstances and income. Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

Hi Rachel, I have a pretty bad credit history through circumstance. I currently pay finance on the car i currently own. I finish paying this in august. I need my car for my work and drive a lot of miles throughout the UK on events. My car has done a lot o

Asked by Mike
June 14, 2012

Hi Mike, thanks for the detailed question. Your partner could take out a personal loan (which we could provide) in her name however, we couldn't match 0% APR.

As the car is for yourself i would advise making a joint application for car finance on our website with you as the main hirer. This prevents any issues between you, your partner and the lender should your relationship break down for any reason.

Adding your partner would strengthen your application and we do also have lenders on our panel that help people with past credit issues. Please discuss your options with your partner before deciding on the best way to proceed.

Please make an application when you're ready and if approved you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Rachel

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CarFinance 247 Ltd.,
Universal Square,
Devonshire Street North,
Manchester,
M12 6JH,

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* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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