Which one is harder to get a car loan or a mortgage loan?

So which is harder to get a car or a house as far as financing?Which one is harder to get a car loan or a mortgage loan?
Auto finance is what I do for a living and I know it's harder to get a cr loan then it is a home loan.





I see people all the time that have bought a home in the last 6-months and can not get approved for a car loan.





Think about it, cars go down in value every month while homes go up and if the customer doe's not make their payments the mortgage people always know where the home is.Which one is harder to get a car loan or a mortgage loan?
A mortgage is much longer term and much more expensive for the bank to foreclose on, so they're picky. Second, a lot of mortgages are resold, so they have to meet standards for the investors.





Car loans are frequently resold, but are much more standard and besides, the dealer might subsidize the loan to sell the car and profit that way.
As a UK mortgage broker, I would definitely say that in the current climate a mortgage is harder to get.


Car financiers have the security of knowing they can repossess your car quite easily should you start missing


payments.

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