finance about

if i have a student driving license (Restriction B), can i purchase/finance a vehicle already?

we have 2 cars but they were never free and on always on the go. i need a car to practice on.

Public Comments

  1. I doubt anyone would finance you if you are under 18. It's a contract legality thing, you must be 18 Competence Competence to make a contract means the legal capacity to make a contract. Generally, people are ruled competent to make contracts if they are over 18 years of age and of sound mind. A minor (usually, a person under 18 years of age) who makes a contract can rescind or void it, with one general exception. A minor contracting for "necessities" is bound to pay for their reasonable value. A "necessity" can be food or shelter but, depending upon the law of the particular state, it may also include a car or other item. A minor who rescinds a contract gets back whatever the other party received from the minor. People who are of unsound mind, that is, those who are incompetent because of mental illness or disability, can rescind their contracts, but the standard is high. Usually, a person who is incompetent must have made the contract without understanding that they were making a contract and without realizing the consequences of their action.
  2. You don't need any kind of license at all. You do need to be 18 years of age if you are doing any sort of deal other than cash on the barrelhead.
  3. You can purcha a car even with no license; you just won't be able to drive it. With a permit you will need a licensed driver with you.
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