I am coming out of a lease and I want to buy the SUV at the residual value. It is a 2004 but I recall years ago that a loan on an older care can only be financed for so many months.
2007-02-15 07:20:58 · 3 answers · asked by Wellness101 2 in Cars & Transportation ➔ Buying & Selling
High-End vehicles qualify for longer term.
I know it doesn't answer your question but the answer CAN vary on a few things:
The Lien Holder.
Your Fico Credit Score.
The type of auto.
Unfortunately this is something that you're going to have to find out when you apply for different financial backing in the process of buying your vehicle.
But yes... it sounds like you'll be able to get 48 months out of your 2004 unless your credit is really good or it's a luxury vehicle.
Good Luck!
2007-02-15 07:36:52 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
1
2016-09-26 14:54:05 · answer #2 · answered by ? 3 · 0⤊ 0⤋
It depends on the lending institution, some will let you got out as far as 72 months
2007-02-15 07:33:52 · answer #3 · answered by kmcnally1481 2 · 0⤊ 0⤋