Services
Insurance
Loans
Repairs
Advice
About

Where can I get a loan for my car?

I found a new car at my friend’s dealership, and he agreed to hold onto it for me, but I need to take out a car loan to afford it. Where can I get a loan for my car?

avatar
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s great your friend agreed to hold onto it, and you must be relieved to know it won’t be sold before you get your loan approved!
Many dealerships have financing options available in-house, but you can also apply for a
car loan
through any of the following:
  • Large national banks
  • Local banks
  • Local credit unions
  • Online lenders
To find the best loan agreement, you should apply through multiple lenders and compare their offers. To apply, you will likely need the following with you:
  • Your driver’s license
  • Proof of residence
  • Proof of employment and income
  • The new vehicle’s information
  • Your current vehicle’s registration and information (if trading in)
Keep in mind that lenders will require your financed vehicle to have full coverage
car insurance
. Full coverage can cost a lot, but it doesn’t have to break the bank.
Try using the number-one-rated car insurance app,
Jerry
, to help you find cheaper rates. After providing you with a comprehensive cross-analysis of the best policies from more than 50 top insurance companies, including Nationwide, Allstate, and Travelers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. They even help cancel your old policy!
View full answer 
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

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings