Can You Finance A Car At 17

Ariana

2 Apr, 2018

Getting a car loan involves a contract. You will not be able to enter.

How Long Can You Finance A Used Car

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Hi i recently just got offered a full time job after my apprenticeship finished.

Can you finance a car at 17. Im 17 and figure that if im old enough to be licensed by the province to drive and old enough to get a paying job to earn the money to buy a used vehicle i dont see why i shouldnt be allowed to spend my hard earned money as i please. However how much you owe and what your current car is worth comes into play. Not only do you have to clear the age of majority in your state to obtain a car or personal loan you have to be at least 18 even to have a cosigner with some lenders.

I want to buy a 2005 honda accord for around 16000. I am a 17 year old full time working male and i want to buy a car that is 2000 and i need some finance can anyone help. Im 17 years old and would like a car at the beginning of my last school year.

I just want to know if its possible for me to get financing for a car. Can i get a car loan if im under. Because of this a minor cannot enter into a binding contract.

I will be working part time for my last year of high school but i. Can a teen driver who is under age 18 legally buy a car. Teens often have limited finances and are desperate to find a way to buy and finance a car.

Yes you can definitely get a car loan at 17 if you are earning. The answer is no you cannot. A 17 year old is still considered a minor in the eyes of the law.

A question many teenagers have is can they be 17 and get a car loan. Thanks a lot. If youre just shy of 18 years of age your loan options may seem limited.

I receive payment monthly and i was just wondering if i would be able to purchase a car on finance as i am only 17. The car must be in the parents name as must the registration title tags and insurance. Can a 17 year old get car finance.

I am earning 400 a monthand i m owing my car no doubt its a used car but so what its my own. If a parent cosigns you should have no problem obtaining a car loan because any loan age limit wont apply since theyre over 18 years of age. I officially start monday and will be on a good sum of money.

Ie if you owe 12000 but the car is only worth 10000 you will need to finance this extra amount on your new car. I am 17 and i need finance to buy a car. Legally and financially you will need a cosigner the best option is to approach a parent with the problem.

Some finance companies will not allow this so you may need to pay the difference if there is one. I will be able to get a co signer that makes around 1500 a month. You can only upload a photo png jpg jpeg or video 3gp 3gpp mp4 mov avi mpg mpeg rm.

The most common method for teens under the age of 18 to get a car is to have their parents buy it for them possibly with an informal family loan arrangement. Your parent can sign the loan with you.

Car Buying And Finance