answersLogoWhite

0

  • Auto Loans and Financing
  • Personal Finance
  • Loans
  • Co-signing
  • Money Management

Can a 16-year-old get an auto loan if they have a parent who will cosign for them?

User Avatar

Wiki User

βˆ™ 2011-09-12 14:32:17

Best Answer
Copy
auto loanyes u can im 17 and i got a loan on a Toyota Supra
2011-09-12 14:32:17
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Your Answer

Loading...

Related Questions

How does cosigning for an auto loan affect your ability to get your own auto loan?

Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.


Can you be seventeen and have a cosigner cosign for an auto loan?

i was able to get an auto loan with the help of a cosigner and im under 18


Can you get a auto loan but put the car in someone else name?

You can cosign but both names will be on title.


Can someone you live with cosign an auto loan?

Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.


Can a minor cosign on a loan?

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.


Can an employer co-sign for a student loan?

Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.


If you cosign an auto loan for your child why does the dealership say that the car has to go under your insurance?

Only the dealership can tell you why they have made this requirement.


Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


Can you cosign on an auto loan if you financed a car recently?

Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.


If you cosign a student loan will you still be eligible for a student loan for yourself?

YES


Will I be able to get a student loan if you cosign on someone elses for about 50000?

The loan you cosign is going to count as a loan that you have. If you have the income to support that loan, plus yours, from a loan officer's point of view, you may be able to get a loan. Generally, though, cosigning is a bad idea for anyone.


Can a husband cosign for a car loan for his wife?

Yes


Can you cosign a loan if you live out-of-province?

Ca


Can you cosign a car loan in a different state?

nope


Can someone on social security benefit's cosign for a loan?

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.


Can you cosign for a auto loan in Pennsylvania without ever having a drivers license?

Cosigning on a loan has nothing to do with having a drivers lincense. You are just agreeing to pay the loan if the primary person does not. You are not driving the car. The only thing a lender is interested in is your ability to pay the loan.


If i cosign a car for someone will my name come off in a year?

No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.


Can you co-sign for a car loan if you went bankrupt?

It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.


What happens if you cosign a loan and the other person dies?

yes


Are you resposible for a loan if the person you cosign for files bankruptcy?

Of course.


What is the different between a parent loan and a student loan?

Parent Loan: A parent is getting the loan Student loan: A student is getting the loan


Can your dad cosign for auto loan?

Yes, if he's willing and his credit will support it. But don't let Dad down . It's a one-time thing if you default on the payments.


Can an illegal alien cosign loan?

SURE!! BUT GOOD LUCK TRYING TO FIND HIM WHEN THE LOAN GOES INTO DEFAULT!


If you cosign for a car loan can you be sued successfully?

Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.


What does it mean if someone has to co sign a loan with you?

To cosign a loan is to guarantee payment if the borrower fails to pay.