2006-08-01 19:12:30 · 7 answers · asked by krazy miss speler 06 2 in Cars & Transportation ➔ Buying & Selling
You can not get a loan until you can spell loan. Sorry.
2006-08-02 00:52:50 · answer #1 · answered by J D 5 · 0⤊ 0⤋
No. You are a minor. You can't sign a contract of any kind
until you are 18. And a car loan is a contract. If you really
need a car, the best thing is to save your money until you
get enough for a down payment, that is, if you parents are
willing to take a loan out for you to buy a car. This is
something you need to talk to them about. You can't even
buy a junker until you are of legal age, so your parents need
to be involved. Plus there is the issue of insurance, which
you can't buy either. If your parents have a car and an insurance
policy, your best bet is to get on their insurance policy, cause
if you are a guy under 25 you will be paying top dollar for any
car insurance. So talk it over with your parents and see what
will work out, and start saving your money now. The best
situation, if you have cool parents, would be them matching
the money you save dollar for dollar, but that probably isn't
your situation, so do what I had to do, SAVE and buy a cheap
old car to start off (but not too crappy, its worth paying a
mechanic $50-100 to have the car checked out, cause if the
car has serious problems, its not worth buying, especially if
it has a bad transmission or serious engine problems)
2006-08-01 19:24:51 · answer #2 · answered by Caiman94941 4 · 0⤊ 0⤋
not with out a co-signer. you cannot legally sign the contracts.
Not even a "shady small car lot" will help you out. as a minor you have so little legal standing in terms of signing contracts that if you were to buy a car without a cosigner you would be able to take the car back to the dealer, in any condition, and return it for a full refund because the contract is voidable at your discretion. no car dealer will be willing to take that risk.
2006-08-01 19:17:28 · answer #3 · answered by nathanael_beal 4 · 0⤊ 0⤋
i would buy it with cash instead of financing it so you dont have to pay interest and wind up owing more than what the car is worth plus insurance premiums will be much cheaper if the car is bought with cash because when you finance you are required to have full coverage insurance that is expensive esspecially if you are 16 years old
2006-08-03 05:08:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No. Your parents would have to get it for you. You cannot legally sign a contract until you are 18.
2006-08-01 19:17:15 · answer #5 · answered by Aemilia753 4 · 0⤊ 0⤋
you might be able to get one of those shady small car lots to do the financing inhouse. but without a co-signer no you can't.
2006-08-01 19:19:28 · answer #6 · answered by bob 2 · 0⤊ 0⤋
No to young
2006-08-01 19:21:33 · answer #7 · answered by Boo1972 2 · 0⤊ 0⤋