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If an adult gets an auto loan for you can you have the loan signed over to your name when you are 18-years-old if you have a full-time job?
Wiki User
∙ 8y ago
Actually, it is possible. If you have the adult cosign the loan for you and you never miss a payment, including making them on time, you will be on your way already to building a credit history, even though you're under 18. Once you hit 18, you should have a good credit score and you could have the auto loan be refinanced in your name without a cosigner.
Your income will be taken into consideration but depending on the amount of the loan, you won't have to make "3000-4000" a month, that is, if the loan is going to be $300 a month and if you make $1200-$1500 and you show you have little expenses, it could work and the dealership will be able to get the car refinanced in your name.
Wiki User
∙ 8y ago
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Yes, if you signed the contract that included it in the language.
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HSBC Finance decided to sell their auto loan department to reduce their activity but they still continue to uphelp previously signed contracts.
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Can a bank charge bank fee for an auto loan?
Yes, if you signed the contract that included it in the language.
Why did HSBC Auto go out of business?
HSBC Finance decided to sell their auto loan department to reduce their activity but they still continue to uphelp previously signed contracts.
