Javascript must be enabled to use this form.

Web Site Search (click below)
Searching With Just One Click
 

Personal Finance

car finance

is it true that to be given finance on a car you have to have a full uk driving license


rcbhutchy6  Wed 13/08/08 21:54
CheekyChops
Wed 13/08/08
22:04
No. Plenty of people who can't drive buy cars.
moomintroll1
Wed 13/08/08
23:50
It is a common stipulation by the finance company that the applicant has a full UK driving licence (although not a legal requirement and so dependent on the lender in question).

This is because, as a rule, they frown on accommodation deals, which is where someone takes out finance on a vehicle which for all intents and purposes is for someone else, simply because all too often, the two people fall out and neither is willing to continue making the repayments.

There is little they can do to stop these kinds of deals, except identify cases where it is obvious that the vehicle is not for the applicant, such as in the case you describe where the applicant can't drive.
Submit the above question and answers
 add to del.icio.us  add to digg  add to furl
 add to reddit  add to Technorati  add to Blinklist
 add to StumbleUpon  add to squidoo  add to ma.gnolia
 add to Cocomment  add to Netscape  add to Fark

Have Your Say

Do you think videogame addiction is a social or psychological problem?

Social 

Psychological 

Neither 

about us | [Ctrl + D] adds us to bookmarks Switch to UK Net Guide You are in The AnswerBank  switch to UK Net Guide