2006-08-07 10:36:33 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
I don't think financing will be an issue. If I may ask, why are you financing a car for someone else when you don't even drive?
Be very careful financing a car for someone else. You are liable for the loan if the default on it. You may end up paying for the car and you don't even have a drivers license to drive it.
2006-08-07 10:44:28 · answer #1 · answered by six7foru 2 · 0⤊ 0⤋
This could present a problem. If you are asking if YOU can BUY the car without a license, the correct answer is most likely no, depending on where you live. Car dealers to the best of my knowledge can only legally sell to a licensed driver...so that means that the paperwork would have to be in the other person's name, not yours. You can still co-sign the loan, as you don't need a license for that...but bear in mind that you will be totally liable for the payments if the other person defaults.
Hope this helped.
2006-08-07 11:01:54 · answer #2 · answered by answerman63 5 · 0⤊ 0⤋
i think of which you will get authorized for financing in case you have a valid form of identity (does not could desire to be a drivers' license), yet you have have been given a hard time looking an corporation which will try this. the automobile dealership possibly does not, you have have been given to take out a private mortgage from a economic corporation and use that to purchase the automobile. undergo in techniques which you eventually would be to blame for that mortgage.
2016-11-04 02:14:07 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Anybody can finance a car as long as they have a job and qualify.
If the car is for someone else and you want to help them, go the route co-signing.
2006-08-07 10:47:23 · answer #4 · answered by aviationcowboy01 1 · 0⤊ 0⤋
Sure! As long as you've got acceptable credit, that's all that they care about!
The title and loan will be in your name, however. No way around that.
2006-08-07 10:45:14 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋