is the only way to ensure you get the best rate possible. Fortunately, there will only be one hard inquiry on your credit if you shop around within a 14-day window.
Credit bureaus consider a 14-day window a reasonable time frame to search for a lender. You could apply for 100 loans during these two weeks, but you’ll only get one hard inquiry on your report.
Of course, one hard inquiry may drop your score 5-10 points, but if you apply for loans over more than 14 days, you’ll get an additional 5-to-10 point hit.
Once you do get approval, you generally have 60 to 90 days to sign, so don’t rush into buying a car. Do your research of specific makes and models and consider test driving a few.
If you’re looking to save money as you take out a car loan, make sure you’re not overpaying for your car insurance. Use
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.