RSS FeedsWho can a 16 yr old get a car loan from(he has a settlement coming at 18)?
November 13th, 2009
My grandson needs a loan to get his license,get insurance and to buy a car,is there any banks or institutions that will give him a loan until he receives his settlement.
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com
November 13th, 2009
He could get a load with a cosigner (ie parent or guardian)
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November 13th, 2009
No one will loan a minor money. They can’t sign contracts. Even if they could, do you expect a lender to just wait 2 years for their money?
Have him get a job and earn those things like the rest of us.
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November 13th, 2009
A minor can void a contract at any time. Because of this, it is extremely unlikely that any bank would offer him credit – even if he has an adult as a cosigner.
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November 13th, 2009
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com
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November 13th, 2009
Hello,
am Mrs Jess West, i saw your question on how you can get a loan. thats why i want to use this medium to introduce you to this legit and God fearing loan lender that help me with a loan some days ago without a collateral. and his procedures is very easy and fast, my dear i must tell you i am grateful to him because i have been turned down by several banks and lenders. you can contact him on email, donald.mark88@yahoo.com
Good luck.
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