Can I buy an older car with a bad credit car loan?
April 21, 2020Are there upfront fees with car loans?
April 22, 2020Bad credit car loan terms vary depending on the severity and age of the credit impairment. Therefore, loan terms can be from 1 year up to 84 months with the most preferred loan term at 60 months.
Shorter loan term mean a higher loan repayment, therefore we find most loan terms range from 36-60 months. Indeed, the age of the car can have an effect on the loan term. As some lenders don’t like cars older than 8, 10, or 12 years at the end of the loan term.