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 should I know when getting a car loan?
I've never had a car loan before, but I need one to purchase a vehicle. What should I know about car loans and the application process?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Getting a
car loan
is a relatively straightforward process if you know what you’re doing. But since this is your first time, you should keep your eye on a few things:- Always look at your credit report first. Know what range your score is in and if you have any derogatory remarks
- Try to get preapproval so you know how much you have to spend on a car
- Shop around for loans during a 14-day period. This way, there will only be one hard inquiry on your credit report (instead of one from each lender)
- Don’t let the dealer talk you into financing before you shop around
- Remember to factor in other costs of car ownership, including fuel, maintenance, and car insurance, before you select a car
And since you’re required to get full coverage auto insurance for the duration of your loan, don’t forget to check out the
Jerry
app. With Jerry, you can compare dozens of rates from top car insurers to find the best savings without compromising on your coverage.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
