In most cases, a 16-year-old cannot finance a car on their own because they are not legally able to enter into a binding contract. They would typically need a co-signer, such as a parent or guardian, to secure a car loan.
No, it is generally not possible to finance a car at the age of 16 because most lenders require the borrower to be at least 18 years old to enter into a legally binding contract.
Yes, it is possible for a 16-year-old to get a car loan with a co-signer who is of legal age and has good credit.
Yes, a 16-year-old can purchase a car with cash if they have the means to do so. However, they may face challenges such as insurance and registration requirements, as well as potential legal restrictions based on their age and state laws.
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"
no you have to be atleast 16 to be on payroll.
YES!! A 16 year old can drive a car in Massachusetts.
Yes some 16 year old girls can get car insurance.
No, it is generally not possible to finance a car at the age of 16 because most lenders require the borrower to be at least 18 years old to enter into a legally binding contract.
I heard you do not have to add your 16 year old to your car insurance policy since he/she will only be driving your insured car. Is this true?
a car
the best car for a 16 year old girl is Nissan maxima. I will buy Nissan its very cool.answered buy a: 13 year old girl.
Yes, it is possible for a 16-year-old to get a car loan with a co-signer who is of legal age and has good credit.
Not in most states--16 year old cannot enter into a contract
They can have one other passenger that is under 18 in the car with them. At age 16 you can have people in the car 2-4 people depending on the state
If the 16 year old has their liscence, the car can be titled in their name. yea i 16 year can have title in his/her name which mean he owns the car insurance will be more expensive but the parents cant take it away form him/ her
you can't. you have to be 16.
Yes