Can I finance a car with two loans?

I don't know if I'd get enough money to buy a car with a single loan. Can I get a second one?

Answer
It is possible, but just because you can doesn’t mean you should. Getting two auto loans at the same time is difficult and adds to your debt, and the monthly payments are unaffordable for most people. If you cannot qualify for a single loan large enough to purchase the car you want, some better options include looking for a less expensive car or saving up for a down payment large enough that you only need a single loan.
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Johnny Puckett
Answered on Mar 12, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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