Ask the Experts: Your Questions Answered

Q: I’m looking to get car finance for my 18-year-old. The car they’re looking at is £6,000, and we have a £1,000 deposit. How much will a £5,000 car finance loan cost each month?

To get an estimate of how much a £5,000 hire purchase car finance loan might cost each month, head over to our car finance calculator. This handy tool will calculate your potential monthly repayment amount based on the amount you need to borrow, your ideal loan term, and your credit score.

As your child is only 18, they probably won’t have much of a credit history, which might make it more difficult for them to qualify for a car loan. You may wish to consider increasing the size of your deposit, if possible, to reduce the amount they need to borrow or exploring joint or guarantor car finance.

Q: I’m looking to get car finance for my 18-year-old. The car they’re looking at is £6,000, and we have a £1,000 deposit. How much will a £5,000 car finance loan cost each month?

To get an estimate of how much a £5,000 hire purchase car finance loan might cost each month, head over to our car finance calculator. This handy tool will calculate your potential monthly repayment amount based on the amount you need to borrow, your ideal loan term, and your credit score.

As your child is only 18, they probably won’t have much of a credit history, which might make it more difficult for them to qualify for a car loan. You may wish to consider increasing the size of your deposit, if possible, to reduce the amount they need to borrow or exploring joint or guarantor car finance.

Q: Which company will be my insurer if I’m looking for cheap car insurance with no black box?

At Autedia, we work with over 110 different insurers to find the cheapest car insurance with no black box for you. The insurers willing to offer you a policy will depend on your individual circumstances, the car you want to insure, and your driving history. Complete our online form to get your no-obligation quotes and compare policies to find the best deal for you. You could be fully covered in minutes!

Q: We’d like to add our 18-year-old daughter to our policy as a named driver – would that be possible?

Yes, you can add your daughter as a named driver when you come to renew your insurance policy or amend your existing policy. You’ll need to share details, including their name, date of birth, occupation, and driving history. It’s also worth keeping in mind that adding a young driver with limited driving experience to your policy will probably increase the cost of your premium as they’ll be considered a higher-risk driver.

Q: I’m a university student looking for car finance. I have three years’ address history in the UK and have strong affordability. Will I qualify for a loan?

Car finance eligibility is based on your individual circumstances and how much you’d like to borrow, so while we can’t guarantee you’ll qualify for a loan, you can apply for a no-obligation quote and get a decision in minutes. It’s great news that you have three years’ address history, as this is often a lender requirement and that you have good affordability, but car finance for students can be more difficult to find. Increasing your deposit or choosing a cheap used car so that you can reduce the amount you need to borrow could improve your eligibility, and you may also want to consider joint car finance.

Q: I’m looking for first-time driver car finance with a guarantor – how can I apply for a guarantor loan?

When applying for first-time driver car finance with Autedia, you’ll notice there is currently no option to enter the details of your guarantor. Unfortunately, our partner, Car Finance 247, does not currently offer guarantor car finance. That doesn’t mean you won’t be able to find a loan; the wide panel of lenders includes those who specialise in new driver car finance, even if you’ve been refused elsewhere. If you would like to explore joint car finance, simply let your account manager know when they give you a call, and they’ll take it from there.

Q: Can I use a temporary insurance policy to add my 17-year-old son as a named driver on our car?

Yes, it might be possible to insure your son with a temporary car insurance policy. However, it’s worth keeping in mind that temporary policies are often limited to 30 days. Alternative car insurance options for your son could include black box or telematics insurance, which will track his driving or pay-as-you-go car insurance, which charges a base rate plus an additional amount based on the number of miles he drives.

Q: What is the best way to add my son as a named driver on my car?

It’s possible to add your son as a named driver on your car insurance during your existing policy or when it’s time to renew. If you’re looking to renew, getting a quote with a car insurance broker like Autedia could help you find the best deal for you. We work with over 110 different insurers, so you can compare quotes and secure the cheapest insurance. If your son is a newly qualified or young driver, you might wish to consider black box insurance, which could offer a lower premium if the car is driven carefully.

Q: Can I get learner driver insurance to learn to drive a manual car with an automatic vehicle driving licence?

Yes, it is possible to use your automatic driving licence as proof of identity when applying for provisional or learner driver car insurance. However, when completing our online application form to get a car insurance quote, it’s important that you don’t select UK full driving licence and instead select the option for UK automatic. This ensures you’ll receive quotes tailored to your current circumstances and requirements.

Depending on the policy you choose, the insurer may require the person supervising you to be over 25 years old and have held a full manual driving licence for at least three years. You must also display L plates.