The government wants to raise the minimum age for buying a car from 21 to 23 years old, and many people worry that this will lead to fatter people with minor offenses. In some areas, it’s already been over $40 billion a year spent on the “convenience” of having a car without an ID, but not everyone has the money or the skills to be able to qualify for a license. No one wants to pay $4000,000 for a car, but it’s all too easy and convenient to do that with a license.
This post is about the so-called “suspended license” aka the car loan. In this post I’ll show you how to finance a car with a suspended license in just a few easy steps. When you do find yourself in this situation, it’s time to consider the consequences. If you get faced with the financial decision of having to pay off your license five years from now, consider that it could save you money in the short term and pay off your debt sooner than you thought.