car finance

[Manbatius]

Seems like a terrible idea. Must be something cheaper than £35k ford jebus.
I mean even so terrible idea. Hmm

 

[GreatAuk]

Aside from whether she's potentially putting herself at risk for some kind of fraud or breach of contract by taking out the finance for someone else (idk if it actually is, guess it depends on the small print...), she's also going to be on the hook if he stops paying, or damages the car and his insurance value it less than the finance company etc.

Also why on earth is he looking at a £35k car if he's so skint that he's got persistent debt problems? I'm not blaming her, but she is enabling some very poor decision making on his part. I know car prices are still a lot more than they were 5 years ago, but he could spend £10k on something that will still be spacious and comfortable and reasonably reliable, and have a whole lot more money left over for paying debt down or saving.

If he really cares so little for her and his kids that he's willing to blackmail her and cut her off if she doesn't facilitate this then that's on him, not her. Sometimes standing up for yourself is the right thing to do.

 

[[FnG]magnolia]

If he really cares so little for her and his kids that he's willing to blackmail her and cut her off if she doesn't facilitate this then that's on him, not her. Sometimes standing up for yourself is the right thing to do.

But also on her because she'll be liable* if/when he messes up.

This thread isn't even about car payments, it's about relationships and imbalance of responsibility.

* I imagine, haven't read the small print yadda yadda but payee/signatory most always assumes liability.

 

[Zatoichi.uK]

Dave Ramsey has entered the chat*

 

[baz178]

Aside from whether she's potentially putting herself at risk for some kind of fraud or breach of contract by taking out the finance for someone else (idk if it actually is, guess it depends on the small print...), she's also going to be on the hook if he stops paying, or damages the car and his insurance value it less than the finance company etc.

Also why on earth is he looking at a £35k car if he's so skint that he's got persistent debt problems? I'm not blaming her, but she is enabling some very poor decision making on his part. I know car prices are still a lot more than they were 5 years ago, but he could spend £10k on something that will still be spacious and comfortable and reasonably reliable, and have a whole lot more money left over for paying debt down or saving.

If he really cares so little for her and his kids that he's willing to blackmail her and cut her off if she doesn't facilitate this then that's on him, not her. Sometimes standing up for yourself is the right thing to do.

That’s what I’ve been telling her to do, as is girlfriends as her own car so why they can’t use one is beyond me.

 

[Adam]

Huge red flag in a relationship. She sounds very insecure if she is doing this to appease him on the basis that he may stop her from seeing her nephews.

 

[shifty_uk]

Huge red flag in a relationship. She sounds very insecure if she is doing this to appease him on the basis that he may stop her from seeing her nephews.

Who stops someone from seeing nephews if they refuse to get them car finance

Either way, this isn’t about Motors, OP needs to let his other half put the foot down and work through some issues.

 

[Vanquish-Storm]

Who stops someone from seeing nephews if they refuse to get them car finance

Either way, this isn’t about Motors, OP needs to let his other half put the foot down and work through some issues.

Exactly this, what is next? Oh he has stopped paying but I will pay it for him in-case he stops me seeing nephews?

Thread needs a new title ?

 

[gc123]

thought it rang a bell , a long time ago i had this with a brother and sister she bought the car on finance and the brother ran it, it didnt end well when he wrote it off and legged it . the police came knocking on her door....
further to that try reading this to your girlfreind

Can I take out car finance for someone else? | The accommodation deal

Can you take out car finance in your name if the car is for someone else? This is called an accommodation deal, and it causes considerable confusion.

www.thecarexpert.co.uk

in short sorry about the length...

Ever heard of an accommodation deal? In this case, it’s nothing to do with booking your next holiday but rather a finance arrangement that people try to use to get someone else to take out car finance on their behalf.

Whilst the concept of an accommodation deal is not illegal, the concept of fraud most certainly is. Finance companies have become very sensitive to accommodation deal agreements in recent years, and they are on the lookout for these arrangements.

Usually, as part of the terms and conditions of your finance contract, you are declaring that you will be the registered owner and keeper of the vehicle, and that you will be the main driver.

If you are applying for finance on behalf of someone else, and you do not intend to be the primary user of the vehicle, you will be lying to the finance company and that is considered fraud. In such circumstances, both persons involved (the one unable to get finance and the one applying for it on their behalf) would be committing fraud by attempting to deceive the finance company.

If someone asks you to apply for car finance on their behalf, the correct answer is NO. In addition to the legal issues surrounding an accommodation deal as outlined above, money issues tend to destroy friendships and relationships.