Is a bank the best place to get a car loan?

I want to get a car loan. Is the bank the best place, or are there other places I should consider?

Answer
A bank is a great place to start your search for a car loan—but it isn’t the only place to find a good rate.
Shopping around is always your best bet when you’re looking for a car loan, so you should also consider:
  • Credit unions
  • Online lenders
  • Dealerships
All of these lenders offer competitive rates, and they may even have promotional rates that you can take advantage of.
No matter where you get a loan from, make sure to shop around for car insurance rates for your new vehicle, too! Your lender will require full-coverage insurance, so doing some research can save you money.
The Jerry app compares quotes from dozens of providers to ensure you’re getting the best price on the coverage you need. And you won’t have to handle any of the hassles that usually come with shopping around.
Eric Schad
Answered on Oct 26, 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.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store