How many months can someone finance a used car.?
I know you can finace a new one up to six years. (No way)
Public Comments
- most likely the same as a new car.
- I think you can finance for up to 4 years. My used car was a 4 yr loan.
- depends on how "used" the car is. i did four years but i could have done five.
- it depends a used car can be just as costly as a new one don't go that route
- 60 months on most, but there are some cases where you can get the 72 months, has to be a "program" car.
- pending on the price of the car/ truck you can finance up to 60 months
- I just bought a used car and I got it financed for 6 years.
- I finaced mine for 60months(5years) but looking back I wish I would had only done it for 48months(4years)
- Usually, you can finance a used car up to the number of years left in the time period for financing when it was new. That doesn't make sense---let me give you an example. Most cars can be financed over 72 months. Say you buy a 1-year old car. Generally speaking, you can finance it over 60 months. If it's a 3-year old car, 36 months. Your credit rating and the amount you have put down can affect the term of the loan you can get on any vehicle.
- Hi, I sell new and used cars. 92 months is the longest I have seen It depends on your credit Its a bad idea to finance that long though. The warranty on many cars is not that long. If you finance for 72 months (6 years) you get a low payment, but then you owe money on a car that's old and you also have to pay for repairs. Hope that helps Matt
- depends on how old the car is and how many miles are on it. banks see it as a risk to finance an older car with high mileage for much more than 48 months because the "pop"( probability of payoff ) is low. however if you're looking at a newer low mileage car 60 months shouldn't be a problem. 72 months is just insane.
- No way, the months allowed for financing a used car depend on the value of the car-years, mileage on the car. But usually they don't go above four years for used cars.
