This article is all about how you can finance a car or buy a car without having a license and the short answer is yes but it also requires some other mandatory conditions to which you will come to know in this article further on. We will talk about in which conditions it makes sense to finance a car and about insurance and all other stuff.
Do you need a license to
buy a finance car?
No, you don’t require a license while buying a new/used car by cash or loan, you can own a vehicle without having license but it requires some other government document showcasing your age and photo identity proving your age above the legal age for driving in most countries it is around 18 years.
Typically a license serves for a valid photo id for buying a car but you may require extra documents which can be:
1.) PASSPORT
2.) IDENTITY CARD ISSUED BY GOVERNMENT
3.) IF APPLICABLE, MILITARY IDENTITY CARD CAN
ALSO BE USED
WHY BUYING CAR WITHOUT
LICENSE MAKES SENSE?
You will eventually get your license in the near future.
You are buying it as a gift for someone who doesn't have a license yet.
You are hiring a professional driver or someone who will drive for you and have a license.
Can you get car insurance?
As we know while driving a car we require a license and insurance to insure that the car is insured for
accidents which can be risky. It would be quite
difficult while applying or insurance for you but
you can list a primary driver in that case who
would drive for you most of the time.
If a company agrees for insurance it might incur a
higher premium than others due to several risk factors.
So, choosing insurance can be quite difficult.
Steps to buy a car without a license?
1.)Choose your purchase method
Purchase can be either a brand new car or a used
car from an individual or a car dealership business
around you check out conditions while buying it
which include its spare parts, conditioning and all.
2.) Choose your payment method
Payment method can be any of these two. It can be
all cash or you can finance it by taking a loan from
an institution like bank while having a loan checkout
its necessary condition which include its interest rate
and processing fees and all while buying it.
3.) Find out a vehicle
Go to various marketplace online and offline to check
about the car you are interested in and compare it
to your desired budget and find the best option for
your needs. You can use the car listing websites
and can go to various dealer’s in your nearby market.
4.) Transfer the title
Register the vehicle on your name and by completing
all the documentation and required steps in the
registration office. Note: the process for
documentation for a vehicle without a license
differs from state to state so have the
documents ready with you.
Congratulations now you own a car without a driving license.