how long can you finance a vehicle
The higher your score, the more bargaining power you have to negotiate a low interest rate. 2. Contact local banks and credit unions to find out the terms and interest rates they are offering on used car loans. Many lenders offer 5 year loans, as long as the car you are purchasing is less than 5 years old. Most vehicles older than 5 years are only eligible for 1 to 2 year loans, if the lender will even finance them. Lenders are fearful that an older car will not last for 5 years.