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How long are car loan approvals good for?
I was in the process of shopping for a new car and had been approved for a car loan when I suddenly had to leave town for a family emergency. But I’m back home now. Does a car loan approval expire?
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear about the family emergency, and I hope everyone is okay.
In general,
car loan
approvals are good for 30 to 60 days depending on your lender. To confirm how long the approval is good for, you should read through your loan approval documents or contact the lender.When you’ve found the vehicle you want and are preparing to sign all the paperwork, don’t forget to bring
proof of insurance
with you! You’ll need it to drive off the lot.If you want to simplify finding and purchasing a
car insurance
policy, use Jerry
. Jerry is an insurance comparison app that shops for low prices with over 50 different insurance companies for free.Once you’ve made your selection, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to. The average Jerry user saves $879 a year.
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