How much is the driving license – is it worth taking a loan?

 

A driving license is necessary for many people today.

A driving license is necessary for many people today.

Most often we mean a category B driving license, which entitles us to drive passenger cars. Most people who reach the age of 18 consider driving course and obtaining this license.

However, it is a considerable cost. The total amount per driving license consists of the cost of the course, medical examinations, theoretical and practical examinations, and the preparation of a document.

The largest part of this sum is the cost of the course, but the other fees are also not small (the medical examination itself currently costs $ 200), especially when the exam needs to be repeated.

To sum up, the overall amount often oscillates around $ 1400-1700 (it may be less, but also more). People looking for financing sometimes wonder about taking out a loan for this purpose.

What is the right loan for a driving license?

What is the right loan for a driving license?

Of course, you can take advantage of bank loans, but if you are dealing with a young person who can not document a stable income, the probability of acceptance is very low. However, this is the financially best solution if someone (e.g. parents) want to finance the child’s course and they do not have a free amount for such expenses.

In loan companies, on the other hand, an age lower than 20 or 21 can also be a significant obstacle – rarely has a company been lending for 18 years. Nevertheless, such a loan is easier to obtain, while the costs are clearly higher.

When it comes to choosing a non-bank loan, we have the option of installment loan and payday loans:

  • payday payday – often no more than 30 days for repayment, new clients usually borrow no more than $ 1,500, but the promotion of a free loan awaits them in many companies.
  • installment loan – repayment in installments every month, it is quite expensive solution, however, it does not require collecting the whole amount “at once”.