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Financing a second car

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Anonymous
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Financing a second car


I'm having some difficulty financing a second car. I'm a single parent, and my son is going to college. He needs a car because we don't want/can't afford campus living. The problem is that my car broke down in February and I just got a car myself, so all the banks want a co-signer to show why I need 2 vehicles. My son has no credit yet; he just turned 18. My income will support 2 car payments, but does anyone know of a bank that will finance a second car for me with no co-signer?
3 REPLIES 3
Anonymous
Not applicable

Re: Financing a second car

Try your local credit union. Good luck. 

Message 2 of 4
Appleman
Valued Contributor

Re: Financing a second car

Your income will support a second car but will your credit portfolio/file?

 

What are the current FICO auto scores?

Message 3 of 4
Anonymous
Not applicable

Re: Financing a second car


@Appleman wrote:

Your income will support a second car but will your credit portfolio/file?

 

What are the current FICO auto scores?


I can safely say most likely OP credit profile doesn't support the financing of a 2nd car. If ur credit profile support it the bank doesn't even care how many car loan u have

Message 4 of 4
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