Good day,
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18
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
yes
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?
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"
18
It's based on your income and credit history.
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
the 18 yr. old must apply for financing to buy the car of his/her dreams and obligate themselves to paying the payments .
yes
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.
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?
No.
Just about any bank in the world. Try a local credit union though. better rates.
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"
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.
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.