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How do I consolidate my three car loans?

I just got a third car loan a few months ago, but I'm tired of making three different payments throughout the month. Can I consolidate these loans?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Sure! You can consolidate three
car loans
 through a consolidation loan, but only if you have the income and credit rating to do so.
To consolidate your three car loans, just follow these steps:
  • Shop around for consolidation loan rates
  • Gather all the information on your existing car loans (interest rate, balance, remaining time on each loan, etc.)
  • Apply with multiple lenders
Once you’ve applied, the process is similar to that of getting a car loan. You’ll need to show:
  • Proof of residency
  • Proof of insurance
  • Proof of income
Once you’ve gathered these documents, you can streamline the process and close the deal.
If you’re looking to go through the consolidation process, it’s also an ideal time to review your
car insurance
 and make sure you’re not overpaying for it. Download the
Jerry
 app today to find savings without sacrificing coverage.
MORE:
New car insurance: What coverage do you need when buying a new car?
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