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Most States require you to be at least 18 years old to legally sign a contract. Even if your State allows you to enter into a contract, most lenders will ask for a co-signer.
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∙ 12y ago
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If you are sixteen can you get a loan for a car if you have somebody with good credit who will cosign for you?
Yes, that's the simplest way to do it.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
What happens if don't pay the car loan?
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
How can a minor get a car loan?
A minor can not get a car loan ithout a parent signing the papers.
Can you get a car loan at sixteen?
no you need to be 18
If you are sixteen can you get a loan for a car if you have somebody with good credit who will cosign for you?
Yes, that's the simplest way to do it.
Car loan at sixteen?
1800 Fresh Start is the quickest way to apply for a car loan on the internet. Instant review process for any credit situation. Nationwide dealer network. All makes and models available. ht tps://cutt.ly/mhNDO0D
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Can you add a previous car loan into a new car loan?
No, it is not possible. Your previous loan must be completed to get a new car loan
Why do you call the age of sixteen sweet sixteen?
because you can drive at sixteen and that normally means you get a car.
Can a sixteen year old get a college loan?
You have to ask the teens school about it.
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
How do you get out of your car loan?
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
What is the difference in interest between car loan and personal unsecured loan and which is better a car loan or personal loan?
personal loan have a higher interest rate than car loans beacause they are unsecured loans . In car loan the loan is used for only purchase car .In a car loan, the loan is only used to buy a car, but you can use it as personal items in a personal loan. Interest rates start at just 8.50 percent for a car loan, but can rise 16 percent based on one's credit score and credit history. Find out more, please click https://www.indialoanservices.in
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
