No you need to have a drivers license. It is illegal to drive a car without a drivers license and that is how the finance company looks at it.
can a car loan company put a lien on drivers license
One might qualify for an auto loan with bad credit by applying for dealer financing. It is best for one to know their credit score before applying for an auto loan.
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.
In general, one cannot get an auto loan without a driver's license (that loan will have been acquired fraudulently according to most auto loan contracts). A person can, however, co-sign someone else's loan without having posession of a driver's license.
Yes. A license cannot be 'loaned' to someone else.
Yes, I've done it.
No you need a valid DL for the loan officer to see...or you could have someone co-sign a loan for you...
To qualify for an auto loan you will need a job that pays well enough that you can afford the payment and be on the job for a while, usually one year or longer. Additionally you will have to have some decent credit.
Drivers interested in purchasing a new or used car should always use an auto loan calculator before purchasing a vehicle. By taking the time to use an auto loan calculator, drivers will be able to determine what type of vehicle they can afford to own and how much of a monthly payment they will have to make based on different interest rates.Use an Auto Loan Calculator to Calculate Your Monthly PaymentsBefore purchasing a new or use car, drivers should use an auto loan calculator to calculate their monthly payment. By entering the purchase price and interest rates, drivers will be able to determine what their monthly payments will be on the car they are interested in purchasing ahead of time.Drivers That Use Auto Loan Calculator Can Save MoneyWhether a driver is looking to purchase a new or used car or refinance an existing auto loan, auto loan calculators help drivers determine how much of a vehicle they can afford to own and whether they should refinance an existing auto loan down to a lower interest rate. Drivers who use auto loan calculators save more money than individuals who do not use auto loan calculators.Avoid Costly Mistakes by Using an Auto Loan CalculatorBy using an auto loan calculator before purchasing a vehicle, drivers can avoid costly mistakes that can have devastating financial consequences for years to come. In addition to determining monthly payments, drivers can use an auto loan calculator to determine whether it pays to purchase optional equipment, extended warranties and any other additional items that typically increase the price of a car. By taking the time to subtract optional equipment from the purchase price, drivers may be able to save a tremendous amount of money.Individuals who are interested in purchasing new or used cars should consider the benefits of using an auto loan calculator before purchasing a vehicle. Drivers who use an auto loan calculator can save money and avoid costly mistakes by calculating their monthly payment to determine how much of a vehicle they can afford.
You can get auto Insurance without a license. This is very common.After all, You must have insurance on the vehicle you will be driving for your test at the DMV. Most insurers will require that you obtainyour license within 30 days of policy issue, some will not. "United Auto Insurance Services" is a company that has a program especially designed for non U.S. licensed drivers and for new drivers. You will have to make some calls but should be able to find coverage. That, however, will not make it legal for you to drive. I hope you are trying to do this in order to satisfy loan requirements on your financed vehicle or will let someone else drive that has a valid license.