Can someone as young as 18 qualify for a car loan?
I just turned 18 and I want a car so I can start working. Will anyone be willing to give me a loan?
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Answered on Mar 02, 2021
Anyone 18 and older can apply for a car loan, but you will need to have proof of enough income to pay back the loan and usually a large down payment. It can also help to have a cosigner, who essentially backs the loan. They sign the loan, promising that if you don’t make the payments, they will.
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