Can I pay a 12/24 month car lease in full, up front? - HotUKDeals
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Can I pay a 12/24 month car lease in full, up front?

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I am very interested in taking out a ~£130pm lease which are frequently posted here. The problem is I am a PhD student earning a tax free stipend, so I believe I will not be approved for any kind of f… Read More
IlIlIlIlIlIl Avatar
9m, 2w agoPosted 9 months, 2 weeks ago
I am very interested in taking out a ~£130pm lease which are frequently posted here. The problem is I am a PhD student earning a tax free stipend, so I believe I will not be approved for any kind of finance regardless of how my stipend compares to the earning requirement for finance approval.
I am wondering if I would be able to pay the full amount upfront to avoid requiring finance - it makes little difference to me vs paying monthly.

Thanks for any advice, ps I.m not interested in discussing lease vs ownership in this thread.
IlIlIlIlIlIl Avatar
9m, 2w agoPosted 9 months, 2 weeks ago
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Responses/page:
#1
I don't think you can, its like asking to pay for a phone contract in full.
#2
I'm guessing not, and that's only a guess, but I'd think they would still want to credit check you, as you would be taking away say a 20000 pound car but only giving them 5000 for it, so in affect its still a loan
#3
car loans are comparatively easier to get than loans or big credit cards as they are classed as secured loans and HP is also more difficult to get than lease, I was approved for a 36000 loan on a used HP at car giant back in day so never hurt on trying. plus income is income doesn't matter taxable, stipend or benefit money if its a regular source of income u r likely to get approved
#4
the only reason could be if y not living in UK for minimum 3 years and lying won't help either as with ur first bank account they can check when did u exactly appear on credit files
banned#5
yes you can pay it all upfront but you will still have to sign the finance agreement to cover your liability on excess mileage & damage.

Edited By: YouDontWantToKnow on Sep 07, 2016 19:42

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