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?

Answer
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.
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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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