Donate SIGN UP

Car Finance

Avatar Image
lucabene | 08:27 Mon 22nd Jan 2007 | Personal Finance
1 Answers
Hi my father who is on the higher rate of mobility for the rest of his life , Hes offered to finance a car for me as im applying for a mortgage in the next 2 months and dont want the banks to see ive finance for a car. Will the car dealships or finance allow my father the finance but the car to be in my name, even though I will be paying the payments back monthy to my father. Thanls
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by lucabene. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
No. For the simple reason that if the payments aren't kept up in your father's name (no matter who is supposed to be paying) the car will not be in his name to repossess.

And think very carefully - you are planning to lie on your mortgage application form. This is not a great start.

Only 1 answerrss feed

Do you know the answer?

Car Finance

Answer Question >>