Can you get a loan to buy a car?

I recently moved to a new city with subpar public transport and need to purchase a car for commuting to work. Can you get a loan to buy a car?

Answer
Purchasing a car can be a significant financial burden. Fortunately, you can get a loan to buy a car, which makes purchasing a vehicle much more manageable.
If you’re interested in getting approved for a car loan, you should apply through multiple lenders, including local and national banks, credit unions, and online lenders, to find the best rate and favorable terms.
Requirements vary, but to make the application process a bit easier, you should have the following handy:
  • Your driver’s license
  • Proof of residence
  • Proof of employment and income
Once you’ve been approved for a loan and found a vehicle, you’ll also need to purchase car insurance. To generate quotes from 50+ top insurance companies and buy a new policy, you should download the Jerry app. You will get quotes in seconds, can make changes at any time, and if you ever have any questions, agents are just a text away!
Jack Walsh
Answered on Nov 18, 2021
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