Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
stuntastic

0 Contributions
0 People Helped
Recently purchased a vehicle with loan, how soon before I can finance another?
Fiancé and I just purchased a vehicle (applied jointly) and I want to know how soon before I could explore an option to finance another vehicle as I will need one soon. The vehicle recently purchased was my first ever financing as I paid cash for my current vehicle. Not sure of what all factors into getting a second vehicle outside of ability to pay.

Thanks in advance for your advice!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1501 People Helped

There is no restriction on how many auto loans you have, it depends on if your credit is good enough and if your income can handle it. (debt to income ratio).

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.