To qualify for a second car loan, you generally need to meet these requirements:
Good credit score (usually 650+).
Stable income and employment history.
Existing car loan in good standing (if applicable).
Debt-to-income ratio within acceptable limits.
Down payment or trade-in value (may vary by lender).
Proof of insurance for both vehicles.
Lenders will assess your ability to handle https://runtporplacaycedula.co/ multiple loans and your financial situation before approving the loan.
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To qualify for a second car loan, you generally need to meet these requirements:
Good credit score (usually 650+).
Stable income and employment history.
Existing car loan in good standing (if applicable).
Debt-to-income ratio within acceptable limits.
Down payment or trade-in value (may vary by lender).
Proof of insurance for both vehicles.
Lenders will assess your ability to handle https://runtporplacaycedula.co/ multiple loans and your financial situation before approving the loan.