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?

Answer
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.
Eric Schad
Answered on Nov 15, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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