Misleading a lender about who will primarily use the car is known as "fronting" and is considered a form of fraud by false representation under the Fraud Act 2006 in the UK.
While you can help your son acquire a vehicle, directly taking out a finance agreement in your name for his exclusive use is generally prohibited by lenders and can be legally risky. 1. The Legal Challenge: "Fronting" can i buy a car on finance for my son
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 Misleading a lender about who will primarily use
Most standard finance agreements (PCP or HP) mandate that the person signing the contract must be the registered keeper and the primary driver. The Legal Challenge: "Fronting" If discovered, lenders may
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
Taking out car finance in your name when your son will be the main driver is often considered