How old should your first car be?

In the survey, 14 percent of millennials see 18 as the optimal age compared with 7 percent for consumers aged 38 and up. By region of the country, the Northeast is the least likely to consider 21 as the optimum age to first buy a car, at 41 percent.

Can my dad finance a car for me?

No, unfortunately you can’t apply for finance on someone else’s behalf. There are lenders on our panel that ask that the person signing the agreement must be the registered owner/keeper and main driver of the car too. If your son has bad credit or no credit history, you may be able to make a joint application.

Can my parents take out car finance for me?

There are exceptions where lenders will usually allow a spouse or partner to take out the finance if the car will be used by both parties. Some lenders will permit a parent to obtain finance for their child. However, the person who takes the finance will need to be the registered keeper of the vehicle.

Can I finance a car through my parents?

Your father can purchase the vehicle and there is no requirement that you be a co-signer on any loan. That of course would obligate your father to pay for the loan, or if you are paying, then your failure to pay would mean that your father would…

Can I trade in a car thats not in my name?

You can do one of two things to trade someone else’s car into a dealer: Bring the owner – Have the owner come with you to the dealership to sign the title over and put the value toward your next vehicle. Owner sells the car to you – The owner can fill out a bill of sale with you and sign the title over to you.

Do dealerships need title?

A used dealer isn’t supposed to sell a car without having the title in possession. In fact, in most states, it’s unlawful to do so. Until the dealer has the title, issued in the dealership’s name, the company doesn’t officially own the vehicle.

Can I sell a car I bought but never registered?

Nope. The state of California has not yet recognized you as the legal owner of the vehicle if you have not transferred title into your name. Therefore, you do not have legal authority to sell or trade the vehicle.

Can I trade in my father’s car?

As far as “your” car in your dad’s name, you can use it as a trade in if he signs the title to the dealership or to you. He is the only one who can transfer ownership at this time.

Can I sell a car in my parents name?

Your mother can transfer the title of the car to you and then you can sell it. Transferring the title may require nothing more than her signature on a document.

Can my dad sell my car for me?

And, yes, you can buy the car from your father. Yes, you would likely incur taxes, though some states have family transfer laws that allow you to skip those taxes and then you could title, register and insure the car under your name in California.

Can I sell my dad’s car on his behalf?

In California specifically, if you have a signed title for a vehicle and a bill of sale from the previous owner, you are allowed to sell the car at your own leisure. If your friend or family member really wants their car sold quickly without a long strenuous process, this is the best way to go about that.

Can I sell a car in my wife name?

Get the Title Signed The easiest way to sell a vehicle under another person’s name is to get the person (or persons) who are named on the title to sign it. This will effectively give you the ability to verify your ownership of the vehicle and to sell it.

Do both parties have to be present to sell a car?

All car titles must be signed by the owners listed on the title in order to be registered with the state. If the co-owners names are joined with “and” then both parties must be present to sell the car. Titles using “or” between the co-owners’ names either party can sell the car without the other party present.

What is the law on private car sales?

The only legal terms that cover a private sale contract are: The seller must have the right to sell the car. The car must be roadworthy – it is a criminal offence to sell an unroadworthy car and an MOT certificate from a test several months ago is no guarantee that the car is roadworthy today.

Is it illegal to sell an unroadworthy car?

Selling an unroadworthy vehicle is illegal, unless the individual wants to purchase it for repairs or spare parts. You could also be accused of misleading the buyer if they make their intentions clear to you and you fail to reveal that the car would not be suitable for their needs.

Can you sue someone for selling you a bad car?

Based on used car law, if your agreement has gone through and you fulfilled the terms of what you told the buyer, he generally may not sue you or get the money back. In most cases, a used car purchase sold between private individuals is an “as is” transaction with no warranty or guarantee implied by used car law.

Can you return a private sale car?

You can ask the seller for a refund, but nothing under California law permits you to legally return the vehicle to the seller for a refund.

Can someone ask for their money back after buying a car?

After a vehicle is sold from one private party to another, the buyer can ask for their money back, but the seller generally does not have to agree to cancel the sale, absent a warranty or fraud.

Is it normal to have buyers remorse after buying a car?

Buyer’s remorse after buying a car is so common that it deserves it’s own section.

Can I return a car if it has problems?

(That designation, which is applied to a vehicle that continues to have a defect or defects that substantially impair its use, value, or safety, legally entitles its owner to a refund or “comparable replacement vehicle.”) In situations where there is a clear problem with a new or newly purchased used car, the dealer …

How do I return a car I can’t afford?

Ask for a Voluntary Repossession If you simply can’t afford your car payments any longer, you could ask the dealer to agree to voluntary repossession. In this scenario, you tell the lender you can no longer make payments ask them to take the car back.

How many days after buying a car can you return it?

If you purchase the option, you have the right to cancel the sale within two days for any reason. If you decide to return the used car, you must return it to the dealer within two business days by closing time (unless the contract gives you more time).

Can I return a car I financed?

The hard truth is that most auto dealers aren’t going to let you return a vehicle that you’re financing. Once the loan is complete, the lien is removed and the car is yours. If you need to get out of the auto loan before your loan term is over, you can sell the vehicle privately and pay off the car loan.