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How can a 17-year-old get an auto loan?


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Wiki User
2008-03-31 09:11:35
2008-03-31 09:11:35

Wait until your next birthday. A minor can not enter in to a legal contract, so no lender will give you a loan until you are at least 18. Even then, without a co-signer, it will be very difficult to secure a loan. The best thing to do is to wait until you are 18 and then go in with a co-signer with good credit. Even an 18 year old doesnt need an auto loan. Just save $2k and buy a hooptie. You'll have learnd to take care of your car when you do decide to buy a new one.

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