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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."
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.”
View full answer
- Gregory R.
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