2007-02-10 05:38:05 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
60 Months is the standard bank loan.
There is a growing trend to try to push people into shorter term, 48 month loans.
Depending on the amount financed, one can finance a vehicle for 72 months, and on custom vans or high ticket items, 84 months.
2007-02-10 05:46:29 · answer #1 · answered by Robert S 3 · 0⤊ 0⤋
1
2016-09-26 07:16:16 · answer #2 · answered by Landon 3 · 0⤊ 0⤋
Five years used to be the norm, but now that people want more car they are going to six year loans to be able to afford the monthly payment more easily. Unfortunately, these long loans (5 and 6 years) guarantee that you'll be "upside down" in the loan for several years. This means that if something happens, like the car is stolen or totaled, in those early years of the loan you'll owe more to the bank than the car is worth, since the car depreciates a lot early on. I'd stick with a four year loan as the longest one...
2007-02-10 05:48:38 · answer #3 · answered by xinerevelle 3 · 0⤊ 0⤋
3 years
2007-02-10 05:46:41 · answer #4 · answered by carlos n 1 · 0⤊ 0⤋
4-5 years for new cars but can go as long as 72 months.
2007-02-10 05:46:18 · answer #5 · answered by Bigboi47 3 · 0⤊ 0⤋
6 years is standard these days. However, with a decent down payment you can get the term of the loan decreased.
2007-02-10 05:42:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
56 months
2007-02-10 05:43:08 · answer #7 · answered by dxncld 2 · 0⤊ 0⤋
http://www.automotivedigest.com/research/research_results.asp?sigstats_id=658
60 months.
2007-02-10 05:42:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋