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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?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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.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.
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