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
Is it possible to get a car loan for $25,000?
I want to get a fully loaded Hyundai Venue, which costs about $25,000. Can I get a car loan for this amount?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s absolutely possible to get a
car loan
for a $25,000 vehicle, as long as you qualify for the loan. When you apply for the loan, you’ll need to prove you have:- Good or great credit (661 and above is usually safe)
- Steady income (indicating an ability to make regular payments)
- A debt-to-income ratio of 43% or less (counting the loan in your debt)
Choosing a Hyundai is a smart move: the Venue’s $25,000 price tag is about $15,000 less than the national average. It’s easier to get approval for a loan on an affordable car than an expensive one. Consider making a larger down payment to lower your loan rate once you’re approved.
Your car loan isn’t the only thing to consider when buying a new vehicle. Your lender will probably require you to purchase a robust car insurance plan, too. Use
Jerry
to compare quotes from the nation’s top providers and register for an affordable policy.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