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The internet has
become the number one place to find low interest rates for new
and used auto loans. Whether you are looking to get a loan for a
new auto or even refinance a used auto, the companies featured on
this site will help you get the best possible rate for your auto
loan. Even if you have bad credit you should be able to get
approved from certain online lenders.
Question: Can a minor have a auto title under their name?
Answer: After researching this question we have concluded
that there is no law that prohibits a minor from holding title
to a vehicle.
However, all vehicles must be insured if
they are operated on most major streets or highways. A minor
cannot enter into a binding contract and, thus, insurance
companies will not enter into a contract with a minor to insure
a vehicle. Some insurance companies will cover the vehicle by
entering into a contract with a person who is not the owner,
thus, a minor/owner might be able to have their auto insured if
the parent entered into the insurance contract for them.
It can take approximately eight to ten weeks
after the lien holder submits the paperwork for the new title to
be issued.
One tool you may
want to take advantage of when searching for used auto loans is
the payment calculator. This online tool will help you
calculate certain rates and figure out if they are the best for
you. If looking for auto loan refinancing, you will want to make
sure that the rate is low enough that it would be worth getting
the new loan. There are certain companies online that will
assist if you are wanting to refinance your auto loan. Of course
if you have bad credit it may be more difficult to get a good
rate, but there are companies that specialize in this area, and
will do their best to help you get the loan you need.
Learn more
about your Auto Title Loan
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