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Can a 18 year old get a car loan?

Updated: 9/18/2023
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11y ago

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11y ago
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Q: Can a 18 year old get a car loan?
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Related questions

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

18


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.


How does an 18-year-old on Social Security obtain a car loan?

the 18 yr. old must apply for financing to buy the car of his/her dreams and obligate themselves to paying the payments .


Can an 18-year-old cosign a loan?

yes


Can a 18 year old get an auto financed?

Yes. It is difficult for an 18 yr old to get a loan. 18 is the earliest age that anyone can enter into a loan contract.


What is the minimum age for auto loan in Nebraska?

If an 18 year old wants to get an auto loan in Nebraska, can his older brother (26 years old) buy the car for younger brother and have the 18 year old cosign on the auto loan?


Can SSI be garnished for a 18 year old student loan?

No.


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.


Can a 16-year-old making 8K a month get a car loan?

If you are making that kind of money just hire a car and driver. You have to be eighteen to legally enter in to a contract. what is this 16 year old doing to make so much money????? and no you need to be 18 The answer is no? but if he is making that much money then he does not need a loan he can just buy a car. I think he means "8 $ " not "8K"


Can a 16-year-old making 4000 dollars a month get a car loan?

A car loan is a contract between the buyer and the lending institution. In order to sign a contract and make it binding on both parties, the buyer needs to be 18 years old. The way around this is to use a co-signer, who must be 18 years old. However, if a co-signer is used and the 16 year old stops paying, the co-signer is responsible for the entire debt.


Can an 18 year old with a full time job get financing from a dealership to buy a new car?

Yes you can get a loan from dealer. If you are a student then there are student car loan available for you. See the link in the related link for more informationDepends on your credit history and what the lender is willing to provide.Ans :Sure You can buy a car.