Can my husband buy a car in my name?

If the husband wishes to purchase a car, he can do so and only his credit rating will be used to approve the sale. He doesn’t have to tell the dealership that he is married unless he is planning on using his wife as a co-signer or he wants joint ownership of the vehicle.

Can I buy a car on finance as a gift?

Applying for car finance such as Hire Purchase or PCP on behalf of someone else, also known as fronting, is fraud. There are exceptions where lenders will usually allow a spouse or partner to take out the finance if the car will be used by both parties.

Can my wife finance a car for me?

If your spouse wishes to buy a car and finance it with a car loan, they are free to do so. Once they have bought a car, they are free to let you use it. However, if you are the owner of the car, the loan is going to have to be in your name. Your spouse can’t get a loan backed by an asset they don’t own.

Why Spouses should never Title automobiles jointly?

For married couples the rule of thumb is for each spouse to individually own the car they drive. The reason for this is to limit liability in the event of an accident. Liability is assessed on the owner of the vehicle and the person driving at the time of the accident.

Can I finance 2 cars in my name?

The answer is yes! You can have two car loans at one time, but you must be mindful that it may be more difficult to qualify for a second loan. Lenders will only approve you if your income and debt can handle the added monthly expense. In addition, you will need good to excellent credit to receive a low APR.

Can you apply for car finance as a couple?

Yes, you can finance a car under joint names. The process may differ slightly as the lender will need both parties’ details. Not all lenders approve joint applications though, and some impose restrictions such as applicants having to live at the same address.

Can I buy a car and put it in my wifes name?

If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you’re buying it for. The only way to buy the vehicle as a surprise is to put in the loan in your own name. The title may be registered under both names.