Do you’ll need a license to get an automobile? No, you don’t. Actually, you can certainly do it legally at a dealer or a private sale. You can even apply for regular financing for either a new or used vehicle.
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1. How to buy a car without a license
Table of Contents
Let’s look at common situations where you are able to buy a car without having a driver’s license.
1. Birthday gift
When you need to surprise a business colleague or sibling with a new car, you won’t register it in your name. The dealership will deliver the surprise birthday gift along with its title and necessary forms to fill. Your name is only going to come in the bill of sale.
Tip: The 2018 Used Car Buying Guide
2. Wedding gift
Your colleague is having a wedding in half a year and you wish to surprise him with a whole new car. Since this can be a common practice, nine out of ten car sales reps won’t look at your driving license.
A valuable car doesn’t maneuver around much. It’s also hard to insure an automobile that has been last manufactured thirty years ago. This is exactly why you truly won’t need to provide your driving license when purchasing a vintage model.
4. Business needs
A business that produces goods requires a trusted way of transport for customer deliveries. In this situation, you will have to register the vehicle under your company’s name. Car sales rep will guide you on how to achieve this.
5. For your adorable teenager
When you yourself have a boy or daughter who already has a license, it’s easy to get an automobile without involving your license. Your name appears on the title and insurance because minors cannot get credit financing.
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2. What challenges should you expect?
1. No test drives
Anticipate to inspect your car or truck while it’s stationary. No car sales rep allows an unlicensed driver to sit behind the wheel and continue a test drive. Why? Because if an accident occurs and the insurance company realizes what happened, they won’t compensate any damages.
2. Hard time finding a willing insurance provider
Insurance agencies usually reject motorists without drivers’licenses since it raises identity concerns. So, prepare yourself to knock several doors and do a lot of talking.
3. Skeptical car sales reps
If you reside in a city with a higher crime rate, then you might run into skeptical car sales reps. This bunch might think that you’re planning to buy the automobile to carry out a drive-by or traffic narcotics.
4. Extra costs
Despite spending money on the automobile, you cannot deliver it to its destination. You will have to pay for shipping fees to get the automobile sent to a specified physical address.
5. Expensive insurance premiums
The problem in obtaining insurance with no driver’s license exposes someone to exploitation. A few of the insurance providers that provide covers to motorists without licenses charge almost double the most common rate.
6. Delays in obtaining financing
Creditors require buyers to possess insurance covers before obtaining financing. The problem in obtaining car insurance affects your auto loan application process. Why? Because the lender cannot approve your loan until you have a cover.
3. How to overcome these challenges
1. Bring along a friend with a license
A try out allows you to do fluid leak tests. You can even test the caliber of suspensions by braking at different speeds. How will you convince the automobile sales rep to let you have a try? By tagging plus a friend with a driving license
2. Don’t wait to shop for insurance at the last minute
Start asking around to locate a decent insurance provider with affordable premiums. Visit popular online car forums and visit car bazaars because you’ll communicate with motorists with diverse experiences.
3. Find out the best dealerships that sell to buyers without licenses
As a consumer, you deserve the most effective customer care when coming up with a purchase at any dealership. This is exactly why it’s important to get at know good car dealerships that willingly sell vehicles to buyers without licenses. You don’t want a distressing experience because the sales rep wrongly assumes that your insufficient a driving license enables you to a criminal.
4. Have the driver or new owner come pick it up
If you’re on a limited budget, you can avoid shipping charges by having the driver or owner pick it up. This only pertains to a chauffeur, business employees, and your children.
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Now you know!
Buying a car with no license is a fairly easy process once you receive your insurance sorted out in advance. You won’t pay any extra charges on your auto loan and this causes it to be convenient. If you want to get more information on used car loans or bad credit car loans or poor credit car loans then visit Carloans1.
It’s advisable to lower your monthly payments by paying an enormous deposit. This reduces your financial burden brought about by expensive insurance premiums.