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What do I need to get a car loan?

Every car I’ve ever owned has been used and bought with cash. However, I’m getting ready to retire soon and want to treat myself to my first new car. The whole process of buying a new car is foreign to me, though. How do you get a car loan?

avatar
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations, I’m sure you’re excited to be retiring soon, and buying your first new car sounds like a great way to celebrate!
To get a
car loan
, you will need to provide:
  • Proof of identity and residence
  • Proof of income and employment history
  • Social Security number for a credit check
  • New vehicle information
  • Current vehicle registration and information (if trading in)
To find the most favorable agreement and avoid getting roped into a loan with an above-average APR, you should shop around and compare offers from multiple lenders. Check with:
  • Local and national banks
  • Credit unions
  • Online lenders
  • Dealerships
If you want to make the process of getting a new car a bit easier, use
Jerry
. Jerry is an insurance comparison app that shops for low prices with over 50 different insurance companies for free.
You’ll get quotes in seconds, and once you select a new policy, Jerry will take care of all the paperwork for you. Plus, if you ever have any questions, agents are just a text away!
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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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