What is the minimum age to avail car loan?
What is the minimum age to qualify for car loans? I just turned 18 in September (2009, obviously), and I want to buy a car. My monthly income is 80,000 and I wonder if I can take a car loan in Florida.
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March 21st, 2010 at 4:01 pm
Hi,
If you want a mini car just put down half and get a personal loan through http://quick-and-easy-auto-loan-usa.blogspot.com/ they have better interest rates than banks do.
Good Luck,
Indira
March 21st, 2010 at 4:30 pm
Monthly income over $80,000? You are 18 and making around a million dollars a year? Why in the world would you look for a loan? Just pay cash for it.
But to answer your question, to get a loan you need to be at least 18. You’ll also need to have established credit. If you don’t have any credit established but have nothing negative either, and you can prove that income amount you say, then you could probably get a loan.