How much can I borrow on a car loan?
The amount you’re able to borrow varies by lender. Many have limits that range from $5,000 all the way up to $100,000 or the total cost of your car. However, how much you’re approved for will be dependent on your income, current debt obligations and ability to repay.
Many lenders offer preapproval to give you an idea of the rates and terms you might qualify for. However, you won’t know exactly what your loan offer will be until you fill out a full application.