Can I get a car loan in a parent's name?

I have limited credit and I'm not making much money, so I don't know if I'd qualify for a loan. Is getting one of my parents to apply for me a possible solution?

Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
There are some lenders that will allow a parent to finance a car for their child, but keep these two things in mind:
  • Under a lease, the car is typically required to be registered to the person whose name is on the loan (i.e. the parent or the child).
  • The person whose name is on the loan is usually required to be listed as the main driver on the car (i.e. the parent or the child). 
Other options: If you need to be listed as the main driver or if the car needs to be registered to you, you should consider getting your parent to
cosign a loan
for you. An unsecured personal loan may also be an option.
View full answer 
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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