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Can a 16 year old get a car loan. If yes which bank?

Updated: 8/19/2019
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Q: Can a 16 year old get a car loan. If yes which bank?
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Where can a 20 year old get a car loan?

Check with your bank or credit union.


As a 17 year old can i get a loan?

Yes as a 17 year old you may get a loan from your local bank. The chance they will approve the loan however depends on your credit score.


Can a 17 year old get a car loan for 5000 dollars with out a co-signer?

A 17 year old will not be able to get a car loan for $5,000 dollars without a co-signer. Most banks will not give a 17 year old a loan even with a co-signer.


Where can an 18-year-old obtain financing for a car loan?

Just about any bank in the world. Try a local credit union though. better rates.


If you want to sell a 3 year old car that you are still paying for versus trading in should you apply for a loan to pay off the car loan?

I wouldn't. Contact the bank who you have the loan with before you try selling the car so you can get all of the details about how to handle the pay-off when you sell it. Find out what car dealers don't want you to know at www.dealertricks.com


Can 21 year old get their own loan without a co-signer?

yes, i got my first bank loan at 20 by myself (however i did work at the bank i got it from!)


Where can you get car cash loans?

To get a loan for a car you have to be at least 18 years old. You will need proof that you have a job, and a little bit of a credit history. The loan officer at the bank can tell you more.


Can a soon-to-be-16-year-old get a car loan if he does not have a job?

No! You would have to have your parents cosign for you. Having a fairly good paying job, owning a boat, condo, house, property is classified as "collateral" and the loan is put against that. The reason for this is if you choose not to make your car payments or can't make your car payments then the bank will take whatever collateral you have put against the loan. The bank is in the business of lending, but also getting their money back! Marcy


How much can a 18 year old get for a car loan?

It's based on your income and credit history.


Can a 20 year old get a car loan?

Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.


Can a 16 year old get a car loan for 5000 dollars with out a co-signer?

no because your not legal age :-(


How old do you have to be to get a car loan?

18