Approval Odds for a second car

[tpatton]

Am I overthinking this but haven't seen a lot of documentation on if requirements for a second car is any different. If i were leasing for myself, i would be blinking an eye. I would like to lease a BMW for my husband. Snapshot of my financial fundamentals:

FICO Auto score for both transunion and experian: 765 

Income: 216k/yearly

DTI ratio: 21%

If this were my only lease, i wouldn't have second thoughts about approval. But because this would be a second car payment, should I be worried? Am i over thinking this?

Thank you in advance for your insight. Appreciate you.

[increasingmyfico]

As long as you keep the math In check you should be all good for a second ride. 

[bigseegar]

As long as the salary and DTI is there it's not a problem usually. I've had 2 brand new cars and 3 Harley-Davidson motorcycles financed on 5 different auto loans at once. Salary at the time was $360K yearly 

[disdreamin]

I know this is an older thread, but wanted to mention something I ran into. The only possible snag might be if you and P2 have a mortgage together. I am assuming the amount you listed was personal income, not household, so this is likely not a problem. When I tried to purchase a vehicle for my SO, I had to show that I could make the full mortgage payment plus auto loan from my salary alone and stay below whatever threshold (40%, 45%?) the financial institution dictated. Not sure you'll run into this, but thought it might be worth sharing.

[tpatton]

Thank you for this. With mortgage and debt, my total dti with the added payment for his x3 will be 29%

I appreciate the feedback thanks

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