How many auto loans can I have?

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by joelle , in category: Banking and Credit , 9 months ago

How many auto loans can I have?

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1 answer

by gabriel.kutch , 9 months ago

@joelle 

There is no specific limit on the number of auto loans an individual can have. The number of loans one can obtain depends on their creditworthiness and ability to repay the loans. Lenders consider factors such as credit score, income, existing debt, and other financial obligations when reviewing loan applications. It's advisable to maintain a manageable level of debt and consider one's financial situation before taking on multiple loans.