I'm 17 and really want to buy a car because I'm independant and need my own transport to work, etc. Is it possible to get a car loan for about $3000 if I'm under 18? Basically I get a set wage, my parents can't co-sign me but my godfather happily will. I live in Queensland too. So I dont know the different laws. Any advice would be great!
2007-08-14 00:01:34 · 0 answers · asked by isabel 1 in Cars & Transportation ➔ Buying & Selling
Hi, a darn yank here, but I do have a suggestion. I am sure that you have a bank account. Take your godfather to that particular bank and speak to a loan officer about you doing direct deposit of your paycheck into your bank account, they (the bank) removes the payment (monthly, bi-monthly, weekly) from the account and your Godfather will cosign on the loan. They will probally not go for it, unless your godfather is listed on the loan somehow. But explain that you are not only wanting a car, but trying to build your credit history. Good Luck
2007-08-14 00:19:27 · answer #1 · answered by sfcjcl 5 · 0⤊ 0⤋
Loan Under 18
2016-12-18 05:52:29 · answer #2 · answered by ? 4 · 0⤊ 0⤋
1
2016-09-26 19:15:25 · answer #3 · answered by ? 3 · 0⤊ 0⤋
It is against the law to enter into a contract with anyone under the age of 18. If someone where to do that, the contract would be considered void and they wouldn't be able to get the money. So, the short answer is no.
2007-08-14 03:22:53 · answer #4 · answered by jay 7 · 0⤊ 0⤋
You can't sign a binding contract until you're 18. It's up to the bank if they'll accept a cosignor. Since you have one, you'll have to ask.
2007-08-14 00:42:02 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋
if you are in need of an urgent loan at 2% interest rate kindly Email us on finance.ericson@hotmail.com for your loan
2015-01-04 12:45:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋