i am 17 , legal age is 18 ...but i want to buy a car, now my dad dont want to be part of this and he said that i am on my own ...i have money saved up , but can i do it even though i am not an"adult"
2006-12-06 04:23:43 · 8 answers · asked by should i ? 3 in Business & Finance ➔ Personal Finance
k , thanks for the answers , now a new questions ......lets say i found a car , private seller , and now i want to buy it , what shoul i do after i buy it ?? i mean like , any conracts i have to get ? how do i change the title ? stuff to do in the DMV ?
2006-12-06 04:30:09 · update #1
INsurance ??? i cant get insurance if i am under 18 ?
2006-12-06 04:31:19 · update #2
Yes, if you can get someone to sell you the car.....a contract isn't binding for under 18 but it doesn't mean you can't find someone that will sell to you.
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2006-12-06 04:26:53 · answer #1 · answered by MN-Mike 4 · 0⤊ 0⤋
yes, you must be 18 or have someone over 18 co-sign for you. This is because as a minor you can choose to "back out" of a contract, and most auto dealers dont want to mess with that. Also, if you need a loan you will need a co-signer or the bank wont deal with you.
your best option would be to buy a car from a private seller, but only if you dont need a loan.
2006-12-06 12:28:05 · answer #2 · answered by Kutekymmee 6 · 0⤊ 0⤋
No you have to wait until your 18th birthday. At 17 you cannot enter into a legal binding contract with a car agency or insurance agency.
Tell you dad to support you in getting a car. If your paying cash. He can get the car add you to his insurance and at 18 change everything into your name.
2006-12-06 12:28:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋
You can BUY a car, but you aren't old enough to enter into a contract, which means you can't FINANCE a car.
If you've saved up enough money to pay for the car, you should be set. Unfortunately, if you want to finance the car, you'll have to wait until you're 18.
2006-12-06 12:26:30 · answer #4 · answered by trigam41 4 · 0⤊ 0⤋
Yes, in theory a 17 year old can legally buy a car so long as you have a valid drivers license. Legally, a minor can enter into the contract with the dealership, but is considered to not be legally able to bind him/herself to the contract. If I were you, I'd call the dealership and ask them.
2006-12-06 12:27:13 · answer #5 · answered by kwightman69 3 · 0⤊ 1⤋
You can buy from a private seller no matter what your age, and as long as you have your drivers license you will also be able to put insurance on it. Good luck!
2006-12-06 12:26:27 · answer #6 · answered by Sassy8722 2 · 0⤊ 0⤋
Another issue you may find is insurance companies may not insure you until 18 if you are not attached to your parents policy.
2006-12-06 15:47:26 · answer #7 · answered by Midwest guy 4 · 0⤊ 0⤋
no you can purchase a car if you are not financing it.
2006-12-06 22:51:43 · answer #8 · answered by mary 1 · 0⤊ 0⤋