FAQs - The application process
Can I use a guarantor to get car finance?
Updated: Monday, 15 May 2023
No, you cannot get car finance with a guarantor with us, as we do not offer the option of having a guarantor on your car finance.
We’ll only ever offer finance based on your own income, affordability and circumstance.
You can make a joint application with a partner or family member, but that will mean that both people agreeing to the joint application will be responsible for repayments for the lifetime of the agreement. Affordability checks will be done on both incomes combined. This is different to a guarantor who will only be called upon should the person with the loan no longer be able to pay the repayments.
If you take out an agreement for anyone else other than yourself, this is called fronting and is illegal.
You can apply for either a joint or single application with us, but we do not do guarantor finance.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
