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I would like to borrow
To pay back over
3.5 years

Zuto is a credit broker, not a lender. Our rates start from 8.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £9,000 over 60 months with a representative APR of 20.9% the amount payable would be £234 a month, with a total cost of credit of £5,047 and a total amount payable of £14,047.

Zuto Limited. Registered in England under number 05722976. Registered office: Winterton House, Winterton Way, Macclesfield, Cheshire SK11 0LP. Zuto Limited is acting as a broker and not as a lender. Authorised and regulated by the Financial Conduct Authority, registration number 452589. Zuto can introduce you to a limited number of finance providers, based on your credit rating, Zuto won't charge you anything for this service, but do get a fee from the lender which varies based on the product or amount borrowed.

Can you transfer car finance to someone else?

You may find yourself in circumstances when it would be beneficial for your car finance agreement to be in another name. You may need to apply for another form of credit, such as a mortgage, and wish to improve your affordability, or perhaps you can’t afford the payments and wish to transfer the debt to someone who can. If you’re asking yourself ‘can you transfer car finance to someone else?’, the answer is generally no - a specific car finance cannot be simply transferred to another person. However, there are solutions for different circumstances.

Avoid fronting and fraud

If you’re looking  to transfer car finance to someone else because you took it out on their behalf as they were financially unable to acquire credit without letting the lender know your intention, you could be accused of ‘fronting’ and fraud. It’s illegal to take out finance for another in this way.

Always be upfront when applying for car finance. There are lenders who specifically arrange credit possibilities for those with limited or poor credit histories. Many will accept parents taking out car finance for their children and will allow them to act as a guarantor. This is possible for those with a history of bad credit applying for credit too. Many lenders will allow them to add someone who will vouch for them financially in order to secure a car finance agreement.

Guarantors and their role

A person willing to make your payments, should you find yourself unable to make them during the term of your car finance agreement, is called a guarantor. With a reliable guarantor named on your application, a finance company will feel more secure in offering you finance regardless of your credit history, whether it is poor or just limited.

Always obtain the consent of your guarantor first before making any applications, as it’s their history of credit that will be checked before any car loan will be offered to you.

Talk to your finance company

Always communicate with your lender. While the general rule is that car finance agreements can’t be assumed by another person, there may be lenders prepared to help you with your situation. In some cases a lender, subject to a credit check of the person you wish to transfer the car finance to, may be willing to make such a transfer.

It’s important in any legally binding agreement to always be upfront about any changes you’d like to make regarding who is named for the car finance.

Settling the outstanding debt

Another option open to car buyers who would like to transfer the agreement to another but cannot do so, is to settle the existing debt and take out a new agreement in the other person’s name.

Again, talk to your finance company. Let them know your intentions and ask for the help in facilitating the process. If they are losing your finance payments per month, they may be happy to make finance possible for the person you wish to transfer yours to.

Discuss the situation with the other person if this is possible. Together you may be able to come to an agreement to pay off the existing debt together and then take out a new car finance deal in their name instead.

The right answers when you need them

If you are unsure of what options are open to you when you’re looking to transfer finance of your car over to someone else, you can arrange a call back to discuss your situation. At, we’re confident we can put your mind at ease with our expert advice.

Other related FAQs

Looking for more related content to this? We’ve picked a selection of related topics that you may find helpful

Car finance companies don’t usually contact employers to assess eligibility. However, in some circumstances, they might.

Your ‘settlement figure’ is the amount that the car finance company require to pay off your finance in full. Since this changes as interest is added and as payments are made, requested settlement figures are usually only valid for a short time.

Car loans for used cars vary in length. Terms are typically between 12 and 60 months.

Lying on a car loan application is a form of fraud and is illegal. If you’re found to have done this, you could face prosecution and you may find it harder to get credit in the future.

In most cases, car finance providers pay for or provide your vehicle after you pay a deposit. Then, over the course of an agreed repayment period, you’ll pay off some or all of the price. The product you choose will decide what happens at the end of the agreement – but common options include taking ownership of the car, handing it back, or upgrading it.

Under certain circumstances, you can claim the cost of a car as a capital allowance, meaning you can deduct some of the vehicle’s value from the profits of your business before paying tax. However, strict criteria apply.

A guarantor car loan is an agreement in which a third party (usually a family member or friend) agrees to guarantee the repayment of your loan if you fail to keep up with your payments.

The simplest way to find out how much is left on your car finance agreement is to contact your lender. Alternatively, you can calculate this figure yourself.

Buying a used car with a finance agreement can be a good option. As with any financial agreement though, it’s always important to check the details carefully and to consider the pros and cons.

Car finance agreements can be a great option for a wide range of people. Before committing to a deal though, it’s always important to read the terms carefully and consider the pros and cons.