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
What's a certified pre-owned car loan?
I was looking to finance a car, but I want to make sure I get the best deal possible. The dealer suggested a pre-owned car loan. What does this mean?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
As such, they don’t come with the mechanical risks that you’d have in buying a used car from a private seller—which lenders will notice. Because the mechanical integrity of the vehicle is guaranteed by the dealer, lenders deem these less risky than other types of used cars. The end result might just be a loan that has a lower interest rate.
If you decide to buy a certified pre-owned vehicle, you might pay a bit more, but it’s worth the extra price. Keep in mind, you will also have to purchase car insurance for your vehicle per the stipulations of your loan. To make sure you get the best deal on the coverage you need, check out the
Jerry
app—we’ll get you customized quotes from top providers, so that all you need to do is pick the plan that works best for you.Best of luck with the loan!
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