The average length of a used car loan is about 60 to 72 months, and it could increase as car prices increase. There are different factors that will impact how long it takes to finance a used car, including how much you can afford to pay each month. So how long can you take to finance a used car? Find out with Land Rover Wilmington, as well as the pros and cons of shorter and longer loan terms. Feel free to contact our finance department if you have any questions.
While you don’t have a set limit on the maximum amount of time to repay your car loan, there are some guidelines that banks follow. Some have a policy on used cars that prevents buyers from financing vehicles more than seven years old and with more than 100,000 miles on the odometers. Be sure to discuss these used car financing restrictions before taking the next step in the car buying process.
If you have any questions about the length of a used car loan, what’s good mileage for a used car, how CPO vs. used cars compare, or what certified pre-owned means for Land Rover models, don’t hesitate to give us a call.
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(302) 992-9400
Call Now4310 Kirkwood Hwy • Wilmington, DE 19808
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