Joint Car Finance

Flexible finance plans. Affordable monthly payments.

Joint car finance

Forking out to get behind the wheel of a brand-new car isn’t an option for everyone. But luckily, our flexible finance plans allow you to get the car of your choice at affordable monthly payments.

But what if you want to share a car with your partner or family member?

Allow us to introduce you to joint car finance.

With joint finance, you can get a car loan and split the costs between you, keeping the costs down even further.

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What is a joint car finance agreement?

Joint car finance is when two people apply for car finance for the same vehicle – most commonly couples or family members.

There will be no primary user, and you and your joint applicant will have joint liability for the car repayments.

Similarly to solo car finance agreements, you choose your car and we’ll do the rest, talking you through our available finance plans and how they’ll fit into your lifestyle.

We pride ourselves on our flexible approach to car finance. If you’re having a difficult month and need to tweak your plan just let us know and we’ll sort it out – you never have to worry about missing a payment with us.

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How does joint car finance work?

A joint finance application be used on the same car, with both applicants living at the same address to be eligible for a joint car.

It can be used by those with low income but good credit, with a partner with a higher income.

But it can also be used by those wanting to improve their credit scores. If your spouse/family member has a good credit score, but you have difficulty building yours, applying for joint car finance helps to boost your score by showing financial responsibility.

This helps to strengthen your own credit score, making acceptance for loans and other finance agreements more likely for you in the future.

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Joint car finance with Concept Car Credit

Interested in joint application car finance?

We have a wide range of cars available for you to test drive today at our Manchester showroom.

And, the best part, with no complex checks, you can have your car in less than an hour after applying!

Joint car finance FAQs

I have bad credit, can I still complete a car finance joint application?

We specialise in poor credit finance agreements here at Concept Car Credit, giving as many people as possible a payment option that suits them and their budget.

We don’t complete any hard credit checks or base your suitability on your current score – even if you’ve had credit issues in the past, we’ll work with you both to organise a joint finance agreement that meets your needs.

To find out more, get in touch with our expert team today.

How do I know if joint car financing is right for me?

Joint financing is right for you if you:

  • know you can make payments on time,
  •  trust your joint applicant,
  • have been a UK resident for a minimum of three years
  • have a UK driving license
  • are 21 years or older

If you’ve never had a joint car loan before, it’s only natural to have questions and concerns.

However, our expert team have been in the industry for years, building their knowledge to share with our customers.

To learn more about joint car financing, we recommend you get in touch with us at Concept Car Credit. Ask us as many questions as you need about our joint finance options, how they’ll work for you, and what car will best suit your needs.

Who owns the car in a joint car finance agreement?

When financing a car, the vehicle only belongs to someone other than the loan provider when all payments are paid. If you choose a personal contract purchase (PCP) agreement, when you pay off your loan, the car legally belongs to you.

With joint car finance, you’ll both be legal owners of the car at the end of the agreement.

Have further questions about joint car finance? Give us a call today.

Help an outstanding cause.
It’s more than just a car.

Applying today doesn't impact your credit. Concept Car Credit is a credit broker, not a lender.

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