How many auto loans should I apply for?

by issac.schaden , in category: Banking and Credit , 9 months ago

How many auto loans should I apply for?

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1 answer

by garret_hahn , 9 months ago

@issac.schaden 

The number of auto loans you should apply for depends on your specific situation and needs. It is generally recommended to apply for multiple loans from different lenders to compare rates, terms, and conditions. However, applying for too many loans within a short period of time can negatively impact your credit score. Therefore, it is advisable to limit your applications to a few reputable lenders that you have researched thoroughly.