How hard will it be to get a second car loan?

Getting a second car loan hinges on your debt-to-income ratio, credit, and income. If you have a solid, steady income and the loan doesn’t push your debt-to-income ratio above the industry standard of 43%, you’re likely a good candidate for a car loan. Acceptable-to-good credit is also an important factor in securing a second car loan. Not only will it save you money on interest, but it will also make the lender more likely to give you a second car loan should you be on the fringe of the 43% debt-to-income ratio.