One of the hardest parts of finding an auto loan is wading through all the confusing terminology that most brokers use to sell you loans.
At
Jerry
, we do things a little differently. We don’t think you should need a degree in finance to get the best car loan available. We created this guide to clear up confusion around auto loan terminology so you can know exactly what kind [serializeRelationship]: Missing entry: cards
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“I heard aboutJerrythrough a podcast and decided to try it out. My 2008 Range Rover Sport was costing me $168/month before Jerry found me the exact same coverage for $84/month under Plymouth Rock. I’ll definitely keep shopping for insurance with Jerry.” —Eileen P.
Arm yourself with an understanding of loan terminology before you start comparing rates and negotiating your auto loan. From down payments and lenders to variable-rate financing and amortization, knowing the key terms of car loans puts you in the driver’s seat.
Still have some questions?
Let Jerry help you find the answers
How can I get an auto loan from my bank?
To get an auto loan from your bank, start by checking your
credit
and getting prequalified. Once you’ve chosen your car, you can sign off on the loan from your bank—but be sure to compare rates from other lenders first! Is it better to get an auto loan from your bank or the dealership?
An auto loan from the
dealership
where you bought your car may be the more convenient option, but it tends to be more expensive than a loan from a bank. If you qualify for 0% APR financing through the dealership, it may be worth it. How much should you put down on a car?
What is a good APR for a car loan?
What company is best for auto loans?
PenFed Credit Union, Bank of America, LightStream, and Consumers Credit Union are a few of the best-rated companies for auto loans. The
Jerry
app can compare loan offers from top lenders to find you the best deal based on your credit score and budget! 
Reviewed by Jessica Barrett, Senior Insurance Editor.
