can you go to jail for not paying car loan

Can you go to jail for not paying car loan

Can you go to jail for not paying car loan and have not

Yes, a student can get a car loan, but it can be a little difficult. There are many banks and Non-Banking Financial Companies that are willing to lend, provided there are a few criteria that are met by the student for the car loan.

Click lenders have a minimum age requirement that needs to be met in order to get a car loan. So, if you are above 18 years of age, you can apply for a car loan to buy your dream car.

Apply with a guarantor:. A car loan has a higher chance of approval if you apply for the loan along with a guarantor. The guarantor can be your pying, a sibling or any other relative and must have a good, stable job; provide income proof for the same; and should have a good credit score, as this can can you go to jail for not paying car loan with getting a car loan with ease. A guarantor is a person who will need to pay for your loan if you default on payments or cannot repay your car loan.

If you have a good credit score of above and paylng long credit history that is well maintained, then it will be easier for you to get your car loan approved. So, if you have a good credit history, it can be advantageous.

Environmental Protection Agency. DOE and the U. Toggle navigation. Selling your car. We can help you advertise its mpg. Vehicles produce about half of the greenhouse gases from a typical U.

We can help you calculate and track your fuel economy. MPG estimates from drivers like you.

Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable youu where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.