How many car loans can I have at one time?

"Is there a limit to how many car loans I can have at one time? I want to get a fourth car loan as my daughter is turning 16 in the near future."

Answer provided by
Eric Schad
Answered on Jul 28, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“No, there are no limits to how many loans you can have at one time.
There are no limits to the number of auto loans you can get as long as:
  • your credit score is good.
  • your debt-to-income ratio remains at around 43% or less after the new loan.
  • you can show proof of income.”

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.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies