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
"What are my options for getting a car loan if I have been denied multiple times based on my credit history? "
"I was really bad with money when I was in college and now I have a poor credit score. My car is on its last legs and I need to finance a new one.
I have about $10,000 saved. What are some other loan options that might possibly work?
"
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You could try to apply for less money and submit a bigger down payment. Sometimes that works when you have bad credit. However, your interest rate will likely be really high.
$10,000 can buy you a really nice car, and you can usually find some pretty reliable cars for around $5,000.
Instead of getting a
loan
, have you considered paying cash to buy a cheaper car outright? If you do this, you can save a significant amount of money since you won’t be charged interest.“
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 for Your Car
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
