When financing a car, do I need to buy the car first or get the loan first?
I've never gotten a car loan before, so I'm not sure how the application process works. Which comes first: Getting the car or the loan?
Most dealerships offer financing either in-house or through a third party, so you can get a car and a loan at the same time. However, it is always a good idea to go into any situation with a plan, and getting pre-approved for a loan can not only make the process of purchasing a car go smoother, it can also give you some leverage for negotiations and save you money in the long run.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
When I switch to a different car insurance company, do I need to change my registration in California?
I switched insurance companies, but I still have the same car. Do I need to re-register it?
May 24, 2021
How much does it cost to winterize a car?
I want to winterize my car this year, as last year I ran into some issues by not doing so. How much can I expect to pay to winterize my car?
Aug 03, 2021
Do insurers replace the full value of your vehicle if it's damaged within the first year?
My cousin says that his insurance policy will replace the full value of his car if it's totaled within the first year of ownership. Do insurance companies normally do this?
Apr 30, 2021