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. Get Pre-qualified Capital One Auto Financing Whether you want to pre-qualify for auto financing, refinance your current auto loan, or you’ve been pre-approved for an exclusive financing offer, we’ve got you covered. Use Bankrate's auto calculators to estimate auto loan costs and monthly payments, determine your down payment goals and calculate savings from an auto loan refinance. At Dan OBrien Kia North Hampton, getting pre-qualified for an auto loan. 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. Calculate Auto Loan New and used auto financing See if you pre-qualify with no impact to your credit score. Car shoppers near Exeter and Portsmouth, NH can apply for loans for a new Kia. 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. When it’s time to insure and register it, you’re going to get stuck. And this is where you might run into trouble if you don't have a valid driver's license. In April 2019, Exeter was found guilty of financing illegal loans and paid a total of 6 million in fees and damages. To complete the auto financing process, you need to title the vehicle and then get it registered. 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. Exeter offers auto financing solutions, credit tips, privacy notices, fraud protection, financial literacy, and five payment methods. 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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