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Question about auto loans

Regular Contributor

Question about auto loans

I already have one.  Are lenders hesitant to give an auto loan when you're already paying one?  I'm just wondering what to expect when I buy another car. 
 
Thanks for any advice you can give!  Smiley Happy
Message 1 of 5
4 REPLIES
Senior Contributor

Re: Question about auto loans

I got one in January with a month left on the old loan. I went in right after Christmas so the dealer might have been feeling generous. Not.
Message 2 of 5
Moderator Emeritus

Re: Question about auto loans

Not at all. Assuming your auto history is ok, and your DTI works out ok.
Message 3 of 5
Regular Contributor

Re: Question about auto loans

What is considered installment loans or installment debt?  Besides auto loans?  
 
 
Message 4 of 5
Highlighted
Moderator Emeritus

Re: Question about auto loans

Mortgage, Student Loans, Personal Loan
Message 5 of 5