I wondered if someone could give me a little advice.
My boyfriend is looking to buy a car on finance, but as his credit history is rather poor, I am considering being a guarantor for him.
I understand the implications of being a guarantor and have no doubt that the repayments will be made each month, so have no qualms there.
If the payments did for any reason faulter and I become liable for the amount owed, would the car become legally mine or would this still be owned by my other half?
Also, I already have my own car finance in my name, so would this likely cause an issue with me being a guarantor?