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"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.
"
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.
“
View full answer
- Gregory R.
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