Keep in mind, though, that the vehicle doesn’t legally belong to you at this point because your name isn’t on the title, and, until you get a driver’s license, you can’t legally drive it on public roads. Enter your desired loan terms to calculate how much car you can afford. If you decide to pay in cash, you could title the car in someone else’s name who does have a driver’s license and they can register it. You need a valid driver’s license to get full coverage insurance for the car, and, in most states, you can’t register a vehicle or buy license plates without insurance. Auto Loan Calculator Use this auto loan calculator when comparing available rates to estimate what your car loan will really cost, minus additional fees that lenders may enforce. When it’s time to insure and register it, you’re going to get stuck. Auto Loan Calculator Estimate your monthly car loan payment Enter a total loan amount into this auto loan calculator to estimate your monthly payment, or determine your loan amount by car price, trade-in value and other factors. And this is where you might run into trouble if you don't have a valid driver's license. The calculator also shows what your Annual Percentage Rate, or ‘APR’ could be. Enter the amount you’ll pay as a deposit. To complete the auto financing process, you need to title the vehicle and then get it registered. You may be able to get your car back after Exeter Finance repossesses it, but this ability will vary based on your loan. How our car finance calculator works To find out what your monthly repayments could be: Enter the price of the car you’d like to buy. But you’re going to run into issues with registration and insurance. In fact, you can even buy a car with a learner’s permit. If you plan on paying in cash, you don’t need a driver’s license to purchase a vehicle as long as you're over the age of 18. As we mentioned before, you can buy a car without a driver’s license, some lenders even accept a valid state ID. Can You Finance a Car Without a Driver's License?īuying a vehicle and financing one are two different things. Even though you shouldn't run into any issues, every situation is unique, and it generally helps to have a valid driver's license if you plan on buying a vehicle. For the most part, you shouldn’t run into any issues – unless you plan on financing it or registering the car. Whether or not you can buy a car when you don't have a driver’s license depends on a number of factors.
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