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yes you can get a auto loan without a license but you can not get auto insurance with out one and you can't complete the loan closing without insurance.
i was able to get an auto loan with the help of a cosigner and im under 18
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
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.
A cosigner- someone who agreesto pay the loan if you default
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
In order to be qualified for refinance auto loans, most companies require that you be over the age of 18, that you posses a valid drivers license, you must be a current US Citizen, you must have a yearly salary of 26,000 or act as a cosigner, and you must have proof of a current auto insurance.
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.
By co-signing the loan, they are guaranteeing that you will repay the loan. They do not need to be on the auto insurance policy, but it would be in their best interest.
Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
can a car loan company put a lien on drivers license
One has nothing to do with the other. The lender doesn't care if you have a license, he wants a cosigner because you don't have a good credit record. Just getting a DL says you are not quite old enough to legally borrow money unless you have COLLATERAL.
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.
You need a lisence to drive the car, but not to cosign a 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.
No the co-signer is on for the life of the loan
I dont think you can..?
If you have bed credit, sometimes having a cosigner is the only way you can get an auto loan. The people who lend you the money so you can purchase the car want their money back with interest. If you have bad credit, they may think you will not pay them back. They may think your cosigner does not want his credit ruined and will pay them back. So, while they would not give you an auto loan, they would give you an auto loan with a cosigner who has good credit.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Chances are unlikely. Unless, you have perfect strong credit and a lot of money
Yes, you can switch the cosigner to the primary on a loan. The way to do this is to have the loan refinanced.