Im 17 and reeeally want to get a loan to buy a car!! I can pay it back by

  • Thread starter Thread starter LouLouLolly
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LouLouLolly

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this time next year.. about £1200 xx? What do you think?? Can you get a loan at 17??
 
UK Answer: Sorry, you have to be over the age of majority to take out a loan as you'll need to sign a credit agreement which couldn't be enforced if you were under 18.

If you are sure of your ability to repay the loan, perhaps speak to a relative about loaning you the money.

The absolute best thing you can do is save for the car. Yes, saving is tough, but this will teach you a very valuable lesson - credit is expensive and getting into the habit of saving is really one of the best things you can do!
 
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