Can a car loan prevent you from getting other kinds of loans?

A car loan doesn’t necessarily disqualify you from other loans; it’s more dependent on how much debt you have overall. In most instances, lenders won’t approve loans such as a mortgage if your debt-to-income ratio is higher than 43%. So if you’re thinking about buying a home in the future while also purchasing a car, consider paying down other debt such as student loans or credit cards.