PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Is a 60-month car loan a good idea?
I want to get a 60-month car loan, but my dad says that that's far too long of a term. Is he right?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! A 60-month
car loan
is a pretty good option if you don’t think you’ll be able to afford the monthly payments on a 36- or 48-month loan. You will pay a higher interest rate with a 60-month car loan, but your monthly payments will also be lower.Most experts advise that you don’t take out a car loan for more than 60 months.
To get the best rates, make sure to shop around with:
- Credit unions
- Banks
- Dealers
- Online lenders
And because you’re getting a loan, you’ll also need full coverage car insurance.
That’s where
Jerry
can help. Sign up using the Jerry app to compare quotes from dozens of car insurance companies in under a minute. With just a bit of research, you can save money on both your car loan and your car insurance.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
