How can a 17-year-old get an auto loan?

Answer:

Car Loans at 17

Wait until your next birthday.

A minor can not enter in to a legal contract, so no lender will give you a loan until you are at least 18. Even then, without a co-signer, it will be very difficult to secure a loan.

The best thing to do is to wait until you are 18 and then go in with a co-signer with good credit.

Even an 18 year old doesnt need an auto loan. Just save $2k and buy a hooptie. You'll have learnd to take care of your car when you do decide to buy a new one.

First answer by Chris. Last edit by Charkol. Contributor trust: 11 [recommend contributor recommended]. Question popularity: 149 [recommend question].

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