Can I finance a car after losing my driver's license?

I lost my driver's license, but I want to buy a car so it's ready to go when I get my license back in 90 days. Can I finance a car without a license?

Answer
“There are no laws regarding a lender’s ability to extend a car loan to a person without a driver’s license. As long as you aren’t the person driving the car at present, there’s nothing wrong with that.
Your real problem will be getting auto insurance without a license. Most insurers won’t provide insurance without a license, and you can’t finance a car without insurance. If you do find an insurer, you’re going to need full coverage and your rates are going to be expensive.”
avatar
Eric Schad
Answered on May 05, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
thumb-up

Did this answer help you?

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

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