Yes, you can finance a used car just like you can finance a new car! You will need to apply for and be approved for a loan with a lender near you in Jersey City. A longer loan term splits your payments into a smaller monthly amount— so if you’re looking for the lowest possible payment, you may be wondering how long you can finance a used car. On average, used car loan terms are between 60 and 72 months in length.
That said, some lenders only allow used car financing for selected vehicles or limit how many years you can finance a used car. If you’d like to know more about used car financing options at Land Rover Englewood, read on! Our detailed guide covers the in-and-outs of how to finance a used car.
Each lender decides how long you can finance a used car with them, so it’s worth applying for financing with a variety of lenders and selecting the one that will allow the longest loan term. Our team of auto finance experts has spent years cultivating relationships with lenders in the Fort Lee and New York City area, and we’re here to help you find a loan term that fits your budget. Wondering how to get financing with a low credit score No worries— we can help you find a lender!
Longer loan terms do allow for a lower monthly payment, but we recommend selecting the shortest loan term that you can afford. Short loan terms accrue less interest, make it easier to refinance your car loan, and allow you to enjoy the benefits of auto ownership sooner rather than later. We’re happy to help you find vehicles in our inventory that fit your budget!
If you need a vehicle ASAP but need to minimize your monthly payment, then a longer loan term probably makes the most sense. Benefits of a long loan term include a more manageable payment amount that you feel can confident about being able to pay on time each month. Possible drawbacks include paying more in accrued interest over time, and that your car will lose more value over the course of a long loan than a short loan term.
Land Rover Englewood is proud to serve the New York City area with a hand-selected inventory of quality used cars. Browse our current used vehicle specials online before dropping by to take a test drive!
The Range Rover Velar is not just any SUV—it’s a true standout in its class. Boasting a range of powerful engines, this luxury ride offers an extraordinary driving experience that’s unrivaled in both performance and fuel efficiency. New Velar InventoryLearn More Learn more about the Range Rover Velar engine options, along with its specs…
The 2024 Defender is the perfect blend of modern engineering and rugged capability. This outstanding vehicle enhances performance while prioritizing safety and connectivity, making it a great choice for both adventurers and everyday drivers. As we explore the impressive 2024 Defender technology features, you will see how it improves your driving experience, providing both…
Does your family need a new vehicle for daily drives in Englewood? Are you ready for better weekend getaways to the Adirondacks, Poconos, or Martha’s Vineyard? We’ve got just the thing thanks to a Range Rover Sport. It features both rugged and luxury features, making it one of the top SUVs for sale around…
