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Can you finance a car if you don't have a driver's license?
I'm a late bloomer when it comes to getting my driver's license. I'm finally getting it in a few months at the ripe old age of 27. I want to buy a car, or at least start shopping before I get my license. Can you finance a car if you don't have a driver's license?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You don’t need a driver’s license to finance a vehicle. Currently, no state has that as a requirement.
The only things you’ll need to finance are:
- good credit
- low debt
- decent income
Once you get approved for a loan, the lender will require full coverage
car insurance
for as long as you have the [car loan]https://getjerry.com/car-loan
). Full coverage can be pricey, especially if you use the lender’s insurance, but you can save money by comparing rates.
Jerry
does all the hard work for you, pulling quotes from the top 50 companies and delivering the best deals to your phone in minutes. Jerry even does all the paperwork for you so you can just relax and enjoy your new car. If you want to start shopping for both a loan and insurance now, go for it. It’s always a good idea to research and get multiple quotes so you can find the best deal and enjoy your new ride stress-free.”
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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