Reviewed by Shannon Martin, Licensed Insurance Agent.
“The interest rate or APR is obviously one of the most important factors, but you should also look at:
Penalties for late payments or prepayments
Whether the loan can be changed by the lender at any given time
Any other added fees, taxes, and other charges
As far as comparing each one, you might find it easier to use an online car loan aggregator. Or you can just go to each lender or apply online to get all the necessary information.”
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.