WebAnswer (1 of 16): It would be a really bad idea. As the others have said, if the title and registration are in his name, it will be legally his car. Secondly, a policy for him and you as an additional insured would be REALLY expensive. A teenager living at home should have his/her cars added to ... Web16 hours ago · Subscribe to gift this article . With a Press Herald subscription, you can gift 5 articles each month.. SUBSCRIBE TODAY. It looks like you do not have any active subscriptions. To get one, go to ...
Can a 16 year old own a car in Indiana? – ElegantQuestion.com
WebJan 21, 2024 · Seventeen-year-olds can’t take out a car loan, or even become a cosigner or co-borrower on one. In the U.S., you absolutely have to be 18 years old in order to legally sign a loan contract. Up until you turn 18, you’re considered a minor by law and can’t enter into a contractual agreement with a lender. This probably isn’t what some ... WebNov 4, 2024 · Not following the 1/10th rule of car buying led to a $15,000 loss — and it hurt like hell. ... Health and Wellness 100-year-old sisters share ... you know that if you're not able to pay cash for ... bizbuysell eagle county
Can a Minor Legally Purchase a Car? Sapling
WebDec 20, 2024 · Sixteen-year-old Jonathan Fredricks worked at Chick-Fil-A for over a year to save up enough money to buy his first car. And it wasn’t just a tiny sum of money, it was $10,000. Fredricks’... WebNov 22, 2024 · A 16-year-old can buy a car with cash, but an auto loan is out of the question until the teenager is 18 years old. A minor can’t register a vehicle in their name or purchase car insurance by themselves. However, there's a way to help out your teen if … WebApr 3, 2024 · While many states have no issue with a 16-year-old owning a car and titling it in their own name, insurance companies are often reluctant to enter into a … bizbuysell fort wayne