how many years can you finance a used car
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. Additionally, lenders often impose minimum mileage restrictions (often 100,000 miles) and will not finance salvage-titled vehicles.