can i finance a car with just my permit?

Asked by Jayda Feb 04, 2021 at 11:56 PM about the 2014 Honda Accord EX-L

Question type: Shopping & Pricing

Can i Finance a car with just my permit ?

5 Answers

5

In most places, “owning” a vehicle and driving are separate issues. You can own a vehicle and be on the title, without having a drivers license- corporations do not have drivers licenses- many elderly people no longer have a drivers license but still remain the titleholder. A child can be given a vehicle in a will etc, but not be able to drive for years. As far a financing the vehicle, that may depend on the financial institution. But strictly speaking, you can “own” a vehicle and hold the title without needing a drivers license.

41,110

You can purchase a car with cash, but not bank will give you financing without a license and decent credit. Nor can you drive it without a license. Wait till you have your license to avoid any hassles.

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