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08-21-2007, 05:08 PM
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 Is it possible to get 2 auto loans to buy one car?
Say this bank is approving me only for 10,000 but the car is 15,000 can i take that 10 grand loan and get a separate 5000 loan from a different bank to pay for my car?
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08-21-2007, 06:49 PM
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It is possible if you can get another loan without using the title as collateral. You cannot, however, split the title between two loans.
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08-21-2007, 10:08 PM
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I don't think you can... I mean what happens if you default on both loans... which lender would get the car? I don't think any reputable lending agency would allow you to use one car as collateral on two different loans.
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