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Can you have two auto loans?In: Car Buying |
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Yes.
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A borrower with sufficient credit can borrow as many loans as the lenders will allow. If your current lender believes you have the ability to pay back two loans, he will grant you two (or more) loans. If the first lender doesn't want to help you, ask someone else.
Currently, I have a loan on my house, a line of credit on the equity to make charges on, multiple credit cards with various credit limits to borrow on, and three car loans.
First answer by ID1079962733. Last edit by Yarnlady. Contributor trust: 182 [recommend contributor]. Question popularity: 5 [recommend question]
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