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Regular Contributor
KDM
Posts: 183
Registered: ‎04-17-2007

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!  :smileyhappy:
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

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.
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: Question about auto loans

Not at all. Assuming your auto history is ok, and your DTI works out ok.
Regular Contributor
KDM
Posts: 183
Registered: ‎04-17-2007

Re: Question about auto loans

What is considered installment loans or installment debt?  Besides auto loans?  
 
 
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: Question about auto loans

Mortgage, Student Loans, Personal Loan

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