Does Jerry offer auto equity loans?

I own a 2021 Jeep Unlimited Sahara in excellent condition. I'm looking to take out an auto equity loan against it. Jerry seems like a reliable company, but I don't know if they give out loans. Would Jerry offer me an auto equity loan?

Answer
Auto equity loans are an option for people who need quick cash and already own their cars. Unfortunately, Jerry does not offer auto equity loans.
As a licensed insurance broker, Jerry saves users money on car insurance by helping them compare quotes from over 50 top providers like Progressive and Nationwide for free. Jerry can also help you find and compare quotes from lenders if you want to refinance your car loan for a better rate.
That said, you can usually find reasonable terms on auto equity loans with the following lenders:
  • Credit unions typically offer better terms and lower interest than alternative financial institutions. As not-for-profit organizations, credit unions offer flexible financial agreements that you can’t usually find elsewhere. The only drawbacks are that you need to be a member to take out a loan, and they’re somewhat sparsely located.
  • Online lenders will typically vary in their terms and interest rates, but you’ll likely find a reasonable loan if you take enough time to shop around. While they aren’t always as reliable as credit unions, the sheer number of online lenders means that you can almost always find someone who suits your needs. But try to be patient. Your first offer will rarely be the best one you receive.
While Jerry can’t offer you an auto equity loan, our users save an average of $879 a year on car insurance. Just download the app, answer a few questions—and Jerry will immediately send you competitive quotes on similar policies to your current plan. When you find a better rate, Jerry can help you switch policies and even help cancel your old one.
Joshua Levy
Answered on Dec 15, 2021
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