Can I Buy a Car in Installments Without a Driver's License?
1 Answers
You can buy a car in installments without a driver's license, as car installment purchases are not related to having a driver's license. Below are the specifics of car installment purchases: 1. Advantages: Long payment terms and a wide range of options. Dealers are highly enthusiastic, as in the current market environment for car enthusiasts, installment payments are seen by many dealers as an effective way to capture market share. 2. Disadvantages: The maximum installment amount is linked to the overdraft limit. For example, for most installment car purchases, the maximum amount is four times the overdraft limit. However, the installment limit is separate from the spending limit, so after purchasing a car in installments, the spending limit is not occupied and can still be used normally.