Quote:
Originally Posted by CoupedUpSubie
@ humfrz unless a person under 18 somehow saved 25k and was emancipated then they could own one themselves. A person under 18 cannot take out a loan as far as I know, and doing so with no credit is near impossible. That is the biggest reason a minor can not own a car, also the laws quoted have many holes in them which make the exceptions basically useless. |
Well, @
CoupedUpSubie, you're correct in that a person under 18 cannot take out a loan for an automobile from most lending institutions.
However, I maintain that in certain states, a person of any age, can own personal property, such as an automobile.
Granted, a person of any age may not be able to register or license or insure a vehicle ...... but they can "own it".
For example, when I was age 14, back in Ohio, my grandfather "willed" me his old 1948 Chevrolet. Nope, I couldn't license it, nor could I register it, nor could I insure it, so, I couldn't drive it on the highway.
HOWEVER, I drove the hell out of it around the farm ....
humfrz