I know you can finace a new one up to six years. (No way)
2006-07-13 02:10:51 · 12 answers · asked by Achilles1056 1 in Cars & Transportation ➔ Buying & Selling
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.
2006-07-13 02:21:36 · answer #1 · answered by u12fme 4 · 0⤊ 0⤋
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.
2006-07-13 09:15:20 · answer #2 · answered by Karen M 3 · 0⤊ 0⤋
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
2006-07-13 09:19:10 · answer #3 · answered by mckendry01 1 · 0⤊ 0⤋
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.
2006-07-13 11:55:25 · answer #4 · answered by fasb123r 4 · 0⤊ 0⤋
I just bought a used car and I got it financed for 6 years.
2006-07-13 09:15:10 · answer #5 · answered by Virginia Gal 3 · 0⤊ 0⤋
I think you can finance for up to 4 years. My used car was a 4 yr loan.
2006-07-13 09:13:05 · answer #6 · answered by Stacy W 3 · 0⤊ 0⤋
pending on the price of the car/ truck you can finance up to 60 months
2006-07-13 09:14:54 · answer #7 · answered by greg_shreve 1 · 0⤊ 0⤋
60 months on most, but there are some cases where you can get the 72 months, has to be a "program" car.
2006-07-13 09:14:42 · answer #8 · answered by The King of All Answerer's 4 · 0⤊ 0⤋
I finaced mine for 60months(5years) but looking back I wish I would had only done it for 48months(4years)
2006-07-13 09:15:11 · answer #9 · answered by shift_redline 2 · 0⤊ 0⤋
depends on how "used" the car is. i did four years but i could have done five.
2006-07-13 09:13:29 · answer #10 · answered by mojomuppet 4 · 0⤊ 0⤋