Saturday, October 31, 2009

Used car loan terms?

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.

Used car loan terms?

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!

Used car loan terms?

It depends on the lending institution, some will let you got out as far as 72 months

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