Can I have more than one car loan?
I'm considering buying a second car, but I'll need another loan to get it. Is it possible to have more than one car loan?
Yes, the good news is it is possible to have two car loans at the same time. It is even possible to get two loans at the same time, though this usually requires an above-average credit score to get a decent interest rate.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Do I have to switch my car insurance to a new state if I'm in the military and get stationed in a different state?
I was living in New Jersey, but the military recently sent me orders to report to a base in North Carolina. I know that you're usually supposed to switch car insurance to the state that you reside in. Do I have to do this as an active member of the military?
Apr 22, 2021
How long does it take to transfer a car loan to another person?
I'm moving out of state real soon and I need to offload my financed car ASAP. How long will a transfer take?
Apr 08, 2021
What are the best cars for driving on snow and ice?
"I live in Upstate New York, where the winters can be pretty bad. I’m looking for a car that handles well in winter weather conditions. Which ones should I consider? "
Apr 13, 2021