Car Title Loan

Question: Can a minor have a car 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 car insured if the parent entered into the insurance contract for them.

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The internet has become the number one place to find low interest rates for new and used car loans.  Whether you are looking to get a loan for a new car or even refinance a used car, the companies featured on this site will help you get the best possible rate for your car loan.  Even if you have bad credit you should be able to get approved from certain online lenders.

One tool you may want to take advantage of when searching for used car 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 car 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 car 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 Car Title Loan HERE