Used cars present a cheaper alternative to car buying for Republic drivers who are seeking a quality car that fits within their budget. You’re able to finance a used car without any issues – but you might find yourself asking, “How long can I finance a used car?” Read on to discover how long you can finance a used car with Corwin Chrysler Dodge Jeep Ram® of Springfield. Then, be sure to take advantage of our certified pre-owned vehicle specials in Springfield!
So, how long can you finance a used car in Nixa? The usual car loan term lasts from 60 to 72 months – or five to six years. There is technically no official limit to how many years you can finance a used car, but lenders will often set restrictions. These restrictions on how long you can finance a used car generally tend to be 100,000 miles or the equivalent of more than seven years of ownership.
When debating how long you can finance a used car, you might want to consider a shorter loan length. If you’re able to pay the amount within your budget, you’ll reap significant benefits in the long run. Here are pros and cons of both types of loans:
“Should I buy or lease a car?” Let this question be a thing of the past when you trust the friendly and helpful team at Corwin Chrysler Dodge Jeep Ram® of Springfield. Begin the application process with our financial team and decide the appropriate loan length for your budget today.
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