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Maybe. If you plan to trade your car in for another one, a dealer may accept your current car, pay off the note and provide financing for another vehicle.
If your goal is to acquire a second car, then you may be able to swing two notes or car loans.
Several factors will determine whether you can do this including: your credit history, your current employment and what you make each week or month, your debt levels and the value of your current car and/or the amount you are willing to put down (down payment) on a new car.
Use a site such as Kelley Blue Book to determine the value of your current car. You need to go armed into this deal with as much information as possible.
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