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    Speak Up! - View Question #17728


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    Question: Is it possible for a minor to buy a car?

    Answer:

    In general, no a juvenile cannot enter into a contract. Nor can he or she actually own property. His or her parents technically own that property. If a parent will co-sign on a loan for a car, the juvenile can buy a car, but the parent will be the legal owner.

    This may change in the near future for certain minors. Arizona is considering an emancipation statute for minors over 16 who can show they are sufficiently mature to handle their own financial and health-related affairs. The proposed changes would require a minor to petition the court for an order of emancipation. If the order is granted, the minor would then be able to enter into legally-binding contracts for the purchase of property, including cars.

    See the Arizona State Legislature website for updated on proposed Arizona laws.


    Comments
    1 thru 2 of 2 comments    [ 1 ]   
    On 01/14/09
    Mariah from AZ said:
    I am 17 and married so legally i can buy a car but a safe bet is to have a co signer that is over hte age of 18 present and willing to sign for you. Married minors have all of their rights except voting rights. A married minor can legally enter into a contract as long as they have valid proof of marriage
    On 07/18/07
    Nate from FL said:
    No it is not possible. If you are under 18 buying or renting a car, You need someone who is 18 or older to buy or rent it. You need to be 18 to sign a contract.
    1 thru 2 of 2 comments    [ 1 ]   



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