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What's the longest loan length on a used car?

I want to get a used car loan, but I want to make sure that I get the lowest monthly payments. What's the longest term you can get on a car loan?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Having a monthly car payment you can afford is essential when purchasing a car. Although new
car loans
can go out as long as 84 or 96 months, the maximum used car loans is usually 72 months, or seven years. The reason that most lenders cap used car loans is to avoid depreciation on the car. Lenders also don’t want a car that’s older than 10 years or has more than 100,000 miles as collateral.
If you get a
72-month car loan
, you should be aware of the upsides and downsides. A 72-month car loan provides lower monthly payments and more financial flexibility, but it also means you’re going to pay more in interest. You’ll likely be
upside down
on the car loan as well.
That said, if you decide to get a shorter loan term or end up with higher monthly payments, you always have the option to refinance.
Refinancing your auto loan is a great way to lower your car payments. Finding the right lender can be stressful and time-consuming.
Jerry
makes it simple–download the app and compare top lenders.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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