It's based on your income and credit history.
A 17 year old will not be able to get a car loan for $5,000 dollars without a co-signer. Most banks will not give a 17 year old a loan even with a co-signer.
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"
Check with your bank or credit union.
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
no because your not legal age :-(
No crazier than owing that much on a car that old. IF you do the 1k in repairs, will it last until you get it paid off? What is the loan value of the car in decent shape?
18
The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.
http://www.automotive.com/auto-loans/36/loan-tips/car-loan-tips.html Website gives you all up to date required information you may need when looking to get a auto loan whether it be age or how much something is.
the 18 yr. old must apply for financing to buy the car of his/her dreams and obligate themselves to paying the payments .
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?
You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.