(iSeeCars) – A valid driver’s license is required to drive a car, but do you need it to buy a car? The answer is no. However, this makes the process of buying a car a bit more difficult. Here’s how you can buy a car without a license:
Reasons to buy a car without a license
It may seem counterintuitive to buy a car without a license, but there are many scenarios where someone can choose to buy a car without a driver’s license. Some possible scenarios include:
- You are planning to get your license and you see your dream car before becoming a licensed driver.
- You offer a car to a member of your family or a friend. In this case, you will need to put the title of the car in the name of the person you are offering the car to.
- You are a business owner and need a vehicle for professional purposes.
- You are not able to drive and purchase the vehicle for a caregiver or nanny.
- A carer will drive the car because you cannot drive due to a disability.
- You are a car collector or you buy the car as an investment.
- You buy the car for a minor to practice in with a learner’s permit. Keep in mind that a licensed driver must be in the car with a minor with a learner’s permit.
Do you need a permit to register a car?
A vehicle must be registered in the owner’s name before it can be driven legally on public roads. In order to register a vehicle with the Department of Motor Vehicles (DMV), you need proof of insurance and a valid driver’s license. Since you do not have a driver’s license, you will need to register the vehicle in someone else’s name and make them the title holder. If you buy a vehicle for your business, you can register it under your business name. Keep in mind that some states don’t require you to register vintage or collectible cars, so registration may not be necessary if you’re not driving it on the road.
Can you buy a car if your license is suspended?
If your license is suspended, you will only be able to buy a car in certain states. You may have a provision that allows you to drive in certain circumstances, such as trips to and from work or medical appointments. In many cases, you will be able to buy a car, but you will not be able to get auto insurance or vehicle registration. Having a suspended license will also affect your financing as some lenders will not provide financing to a motorist with a suspended license. Be sure to check with your state’s DMV to understand the rules.
Buy a car without a license
If you buy a vehicle through a dealership or private seller, you will not be able to test drive the vehicle without a license. If you are buying the vehicle for someone else, be sure to take them to test drive the new car or the used car.
Can we finance a car without a licence?
It is possible to finance a car without a license, but the approach will depend on the lender. Many online lenders and car dealerships do not require a valid driver’s license for a car loan. You will just need another form of photo ID, such as a state-issued photo ID. However, some banks and dealerships won’t give you a car loan if you don’t have a license. Keep in mind that credit unions are often more accommodating and will likely be more willing to lend to someone without a license. Bringing the main driver with you when you apply can increase your chances of getting a loan. Other options include paying in cash or with a low interest credit card.
Buy car insurance without a license
In most states, you cannot register a vehicle or obtain license plates without proof of insurance. It is possible for an unlicensed driver to purchase auto insurance, but like every step of the car buying process, it can be difficult. Some insurance agencies won’t give you a policy if you’re not the main driver, so you’ll have to shop around. A workaround is to add a co-owner during the car buying process and have them purchase insurance.
Another way to purchase auto insurance as an uninsured driver is to list yourself as an excluded driver on the policy and name a licensed person as the primary driver. Your insurance policy will be based on information about the licensed operator, so the insurance company will likely look at their credit score or credit report as well as their driving history. Keep in mind that you will pay high premiums if the licensed driver is reckless or dangerous on the road.
Although it is possible to buy a car without a license, it adds further complications to the already difficult car buying process. Even if you don’t plan to drive the vehicle, it may be worth getting a license for the car buying process if you are able to do so.
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This article, Can you buy a car without a license?originally appeared on iSeeCars.com.
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