How long will it take to get a car loan?

I need a car for work which starts sooner than I expected. How long is it going to take to get a car loan so that I can get this car and be ready for work?

Answer
Finalizing a car loan can take anywhere from one day to a few weeks. Dealerships and online lenders tend to be faster than banks or credit unions, although the timeline can vary depending on the lender and your personal circumstances.
The process may be slower if:
  • You apply on the weekend or in the evening
  • Your application is missing required documents
  • You don’t meet your lender’s eligibility requirements (income, credit score, etc.)
In order to get a car loan, you will also need to buy car insurance. You can compare insurance quotes in under a minute when you download the Jerry app. Once you find the best rate, Jerry can take care of all the paperwork to get you quickly signed up for a new policy.
Lauren Smith
Answered on Nov 18, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
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