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 there a way to lower the APR on a car loan?
"How can I lower the APR on my car loan? I've been shopping around for car loans, but the lowest I can find is 7.99%. My friends all have lower rates."
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You have several ways to lower the APR on your car loan.
The first way is to hold off buying a car for a few months or a year and build your credit. By building your credit, paying cars and loans on time, and monitoring your credit on a site like
Credit Karma
, you can lower your APR.The next way is to add a cosigner to your loan. If your credit is a bit shaky, adding a cosigner with solid credit can help you get a better APR.
And like you would with
car insurance
, make sure to shop around. Check out online rate aggregators, local banks, national banks, and credit unions to see what they can do for you.”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