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When is my first payment due on a car loan?
I've already been approved for a car loan, but I want to make sure it lines up with my monthly pay period. When is my first payment due?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Kudos to you for being on top of your payments! In general, your first payment is due 30 days after you sign for the
car loan
.However, you can often adjust the payment date to your schedule. For example, you could pay 45 days after the loan, as long as you’re okay to accrue a bit more interest on the loan.
If you want to make sure you’re on top of all your car expenses, you may also want to consider your car insurance. One easy way to make sure you’re getting the best rate is through the
Jerry
app—we’ll get you personalized quotes from top insurers in seconds, so all you need to do is choose the plan that works best for you. (And once you’ve chosen one, we’ll even help you switch!)Best of luck with adjusting your payment schedule!
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- Gregory R.
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