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
"How do military car loans work? "
Do these types of loans have any advantages over regular car loans?
Jim Donaher · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Many lenders offer military car loans to active-duty and retired career members of the United States Armed Forces (Army, Navy, Air Force, Marines, Coast Guard).
These loans generally work the same way other car loans do, though they have some advantages that make them very attractive to service members — interest rates and down payments are lower, longer terms are available, and qualifying criteria are more forgiving.
It also helps that the application process is quicker for service members compared to civilians. All that is required to apply is proof of service, a Social Security number, and a permanent address.
“
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