Can I get a car loan at 18?

I just turned 18 a few weeks ago, and it looks like I might need a car loan. I'm looking for work, but the only places that are hiring are too far to walk to—and since I haven't started working yet, I don't have the money to buy a car outright. Given my age, will anyone be willing to give me a loan?

The short answer is that anyone 18 and older can apply for a car loan.
The slightly longer answer is that you will need to prove that you have the necessary income to pay back the loan, and unfortunately, you will likely have to make a large down payment. However, getting a cosigner—someone who signs with you and who assumes responsibility for paying back the loan if you are unable—can increase your chances of qualifying.
As a reminder, you will also need high coverage when you finance a vehicle. Most dealers require collision and comprehensive, which can be pretty pricey. Using tools like Jerry can be a great way to shop around for auto insurance to make sure you’re getting the best deal possible. That way, you can make the most of your new paycheck and your cosigner can rest easy!
Johnny Puckett
Answered on Aug 09, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free