How long can I get a used car loan for?

I need to get a used car on loan, and there are so many options. How long can I get a loan for?

You may be able to get a loan for up to 84 or even 96 months, although it’s generally recommended that you avoid loans that are longer than 60 months. The length of your loan repayment period will depend on your current financial situation and your lender’s policies.
Longer loans will offer lower monthly payments, so they can be great if you’re worried about adding a large bill to your budget. But they also have some drawbacks:
  • The longer the loan period, the more you’ll pay in interest, so you’ll actually end up spending more money on your loan over time.
  • Your car will lose value over time. If you opt for a longer loan period, it’s possible that you’ll end up upside down on your car loan at some point, making a possible trade-in much more difficult.
Keep in mind that you’ll need to get insurance for your car, too. If you want to save on monthly bills, check out the Jerry app. Jerry will collect quotes from top insurers for you, so you can be sure you’re getting the best insurance rates for your car.
Liz Jenson
Answered on Nov 12, 2021

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free