Question: Can You Get A 120 Month Car Loan?

Get Car Financing.

Even with poor credit.

Some lenders and credit unions, however, offer extended loan terms of anywhere from 96 months (eight years) to 120 months (10 years).

Can you finance a car for 10 years?

The trend for longer auto loans means some consumers can qualify for financing up to 96 months, or eight years, should they want it. The average loan term, meanwhile, stands at almost 69 months for new and 65 months for used vehicles, according to Experian data for the start of 2019.

What is the longest term you can finance a car?

It used to be that the longest car loan you could get was for 60 months, or five years. But now the average auto loan is for 68 months, with some lenders offering 84-month auto loans.

What is the minimum income for a car loan?

Minimum Income Requirement: All lenders require you to make a certain amount every month. While it can vary, the typical monthly minimum income requirement many special finance lenders have is $1,500 to $2,000 before taxes are taken out.

Can you get a 96 month car loan?

Pros and Cons of a 96-Month Auto Loan. The trend toward long-term loans for cars continues, with Experian reporting that 32.1 percent of new car buyers and 18.2 percent of used car buyers opted for long-term loans of between 73 and 84 months in the fourth quarter of 2016.