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While you know you can certainly finance a new ride around Minneapolis, you might not know about used car or used truck financing. So, how long can you finance a used car? On average, a used auto loan term is about 60 to 72 months, but this can go higher as car prices increase. You’ll even see there are loose restrictions on how long you plan to finance a car as well as long-term and short-term options to provide a plan that works with you best. Learn more about financing a used car, and then explore our inventory at Cornerstone Plymouth today!
The time for repaying a car loan can vary depending on a range of factors. In some cases, you can only finance used cars that prevent buyers from financing vehicles over seven years old and with over 100,000 miles on their odometers. You can always contact your preferred lender and ask about their restrictions on used car financing before taking the next step.
Short-term loans are available when looking at used cars around Maple Grove, and there are a host of pros and cons to weigh to determine if this is right for you. See below:
You can also opt for a long-term finance term which again offers its own benefits and drawbacks which are broken down below:
Now that you know more about used car financing, take the next step to bring home your next Minnetonka ride. Finance a used car for sale from Cornerstone Plymouth and see how you can save even more on your next ride when you shop our inventory of used vehicle specials for sale. Find more reliable finance tips and tricks as well as apply for financing online from home to get started. Contact us today for more information on how long can you finance a used car and schedule a test drive at our dealership here in Plymouth!
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