Are you shopping around Ooltewah for used cars? One of the questions you may have is, “How long can I finance a used car?” According to the statistics, the average loan-term when financing a used car is between 60 and 72 months. Take a moment to learn about the differences between short-term and long-term loans, so you decide which option is best for you. Then, apply for financing and contact Mtn. View Chevrolet to schedule some test drives in Chattanooga!
So, how long can you finance a used car? As we mentioned earlier, the average loan term for Dalton drivers is between 60 and 72 months. However, when financing a used car, some banks put a 7-year cap on loan term length. Also bear in mind that it may be difficult to find a loan on a vehicle with over 100,000 miles on the odometer. With that out of the way, let’s take a moment to compare the perks of a short-term loan to the perks of a long-term loan:
You know how long you can finance a used car for, but the real answer to the question, “How long can I finance a used car?” is to determine with loan length is right for your needs. If you have more questions about the pros & cons of financing a used car with a long- or short-term loan, call Mtn. View Chevrolet at (423) 763-7946. We can answer any of your questions and help you navigate the rest of the steps of used car shopping. And while you’re here, take a moment to explore our guide on how to trade in a financed car, as well as our overview of the benefits of buying used.
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