"Is it possible for a 17-year-old to get an auto loan with a cosigner? "

"I am 17 with a wife and kid. My old car broke down, so my grandmother said she would cosign on a car loan for me. She is fairly well off, has great credit, and has an excellent relationship with her bank.

"

Answer provided by
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Johnny Puckett
Answered on Apr 26, 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.
“Unfortunately, it doesn’t matter that your grandmother has agreed to cosign a car loan for you—you are still a minor and not legally allowed to sign a loan agreement.
However, maybe you could get your grandmother to buy the car for now. When you turn 18, she can refinance the loan and put your name on it. “
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