If discovered, lenders may terminate the agreement, demand immediate full repayment, or repossess the vehicle, which can severely damage your credit score. 2. Legal Alternatives for Parents
Taking out car finance in your name when your son will be the main driver is often considered can i buy a car on finance for my son
To avoid the risks of fronting, you can support your son through these legitimate channels: Can I get car finance for my son or daughter? - Carmoola If discovered, lenders may terminate the agreement, demand
Most standard finance agreements (PCP or HP) mandate that the person signing the contract must be the registered keeper and the primary driver. lenders may terminate the agreement