How Long Can You Finance a Used Car?

If you’re considering taking out a used car loan, you’ll find that many dealerships in the Irvine area offer used car financing. How long can you finance a used car? Used car loan terms vary from 60 and 72 months in length—and can be even longer. In this guide from the finance team at Weir Canyon Honda, we’ll take a look at how long you can finance a used car and what your used car loan options are. Once you have the information you need, head on down to our dealership in Anaheim to check out our pre-owned vehicle inventory today!

Should I Finance a Used Car?

Whether or not you should finance a used car will ultimately depend on your financial situation. Here’s what you should keep in mind when deciding on whether a used car loan will work for you:

• If you’ve found a lower-priced used car that you can pay for upfront, and you don’t necessarily need the extra features or lower mileage of a more expensive used car, then you are probably better off not financing your purchase. 
• If you require a vehicle with specific features such as third-row seating, advanced navigation technology, or the latest driver-assist features, then it may be worth it to finance a used car. The finance specialists at Weir Canyon Honda will be happy to help you select the loan term and payment plan that is the best fit with your budget.

How Many Years Can You Finance a Used Car?

There’s no set limit on how long you can finance a used car, however many lenders do have limits on their used car loan terms. So, should you try to secure a car loan for a short period or a long period? Here again, it depends on your preferences and budget. That being said, our recommendation is to select the shortest loan term that you can comfortably afford. Even though a long term loan may offer a lower monthly payment, you’ll pay less interest overall with a short term loan.

Explore Your Used Car Loan Options at Weir Canyon Honda

If you’d like to learn more about how financing a used car works, the auto finance experts at Weir Canyon Honda are ready to assist you. Meanwhile, take a moment to browse our current used vehicle specials to find some of the best deals in the Yorba Linda and Tustin area. If you have any questions or would like to schedule a visit to our Anaheim dealership, please feel free to contact us.