how many months can you finance a car in Texas?
I refianced a car that was new when I bought it. I thought they said in the state of Texas that they could only finance a car for 60 months but when I look on my statement it says 72.
Public Comments
- As long as the lender will allow. The state doesn't care... it is the lenders burden when in two years, you will owe way more than your car is worth.
- Depends on the cost of the car, your paying capacity, and the installment plan set by the financier, as per statutory regulations.
- The maximum length is usually up to the lender, and whatever you agreed to in the contract. You should see the papers that you signed, presumably at the dealership. A quick check of the internet finds a lender willing to provide a loan of 84 months for a new car, which would generally be inadvisable from my point of view. Here's a link from Bankrate.com about car loans and their length... http://www.bankrate.com/brm/news/auto/20060815a1.asp
- 0 texans arent allowed to drive cars
- it may be proratred over 72 months read is carefully and you see where you only make 60 monthly payments
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