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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.

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AnswerBot

5mo ago

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Related Questions

Can you add a previous car loan into a new car loan?

No, it is not possible. Your previous loan must be completed to get a new car loan


Is it possible to refinance a car loan into someone else's name?

No, it is generally not possible to refinance a car loan into someone else's name without the original borrower being removed from the loan.


Is it possible for me to refinance my car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.


Is it possible to refinance a car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.


Is it possible for me to transfer my car loan to the cosigner?

Transferring a car loan to the cosigner is typically not possible. The loan agreement is usually tied to the original borrower, and the cosigner is responsible for payments only if the borrower defaults. It's best to contact your lender for specific options regarding your loan.


Can you change the name on your car loan so that my daughter can take it over?

It is possible for your daughter to assume responsibility for your car loan, but only with the agreement of the bank that issued the loan; you can discuss this with the bank.


Is it possible to get a car loan if you are under 18 years old?

No, it is generally not possible to get a car loan if you are under 18 years old because you are considered a minor and cannot enter into a legally binding contract.


Is it possible to have more than one title loan on the same car?

No, it is generally not possible to have more than one title loan on the same car. Title loans require the borrower to use the car's title as collateral, and typically only one loan can be taken out against the same title.


Can you have 2 co-signers on a car loan?

Yes, it is possible to have two co-signers on a car loan. Both co-signers are equally responsible for repaying the loan if the primary borrower defaults.


Can you pay off someone else's car loan?

Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.


Can you get a car with an open car loan already.?

Depends upon your debit, to income ratio, but, yes. It is possible.


Can you get a car with an open car loan already?

Depends upon your debit, to income ratio, but, yes. It is possible.