cheap car finance
We are trying to finance 3 cars but cannot be approved because, apparently, can only have 2 car finance?
Why Can We not can finance the car 3? Has anyone else heard?
There are several reasons 1) debt to income may be out of line 2) Jobs / Residency History can show the stability of the bank is looking for 3) If drivers only 2 adults in the household, would be a "straw purchase." This means you could buy a car from another person to drive. The banks do not. 4) the fact that banks are tight on loans now. Maybe just do not want run the risk of a type that has the notes 2 cars.