Services
Insurance
Repairs
Advice
About

How do I consolidate multiple car loans?

I have three car loans that are due on three different days in the month. It's throwing off my budgeting. Is there a way to consolidate them?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Having multiple
car loan
payments per month is exceptionally frustrating, so that’s understandable.
Fortunately, you can get an auto consolidation loan and combine your three loans into a single one. Since you’ve already been approved for the three loans, your chances for approval on a consolidation loan are good—so long as you haven’t made any huge purchases (like a home or boat) or had a significant drop in your credit score.
The process of getting the car loan consolidation is almost identical to that of a car loan or a
car loan refinance
. You will need:
  • Proof of income
  • Proof of residency
  • Proof of car insurance
  • Payoff information for your other vehicles
Once you have all of this information handy, shop around at credit unions, banks, and other lenders to get the best rate.
Since you need insurance for all three vehicles to get your loan approved, reviewing and updating your car insurance is a great idea. With the
Jerry
app, you can compare rates from numerous car insurance providers to find the best rate for your money. Jerry will do the hard work of filling out paperwork for you!
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