PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
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
Do you get a better car loan rate from the bank or the dealer?
I've never purchased a car before, but I need to secure financing to buy the vehicle I want. Do you get a better car loan rate from the bank or the dealer?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Generally speaking, going directly to the lender can cut your interest rate. You can gain preapproval and get a basic idea of what interest rate and budget you’re working with.
That said, dealers may also be a good option from time to time. They run promotional rates, such as 0% APR financing, and work with several lenders to find you the best rate.
To determine what’s best for you, you should shop around. Just make sure to factor
car insurance
into your budget on top of your monthly car payment, as most lenders require full coverage. Full coverage can be pricey, but there are ways to save.
Jerry
does all the hard work for you, pulling quotes from the top 50 companies and delivering the best deals to your phone in minutes.”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