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How many years can a car loan last? How long is the best loan term

For many families, have they already bought cars? As a necessary means of transportation for travel, vehicles are very important. How many years can I get a loan to buy a car?

How many years can a car be loaned at most? According to the way of auto installment loan in the market, there are bank mortgage loan, auto financial institution loan and credit card installment. The term is generally 1 year, 2 years, 30 months, 3 years, 4 years and 5 years, and the longest is no more than 5 years. The buyer can reasonably determine the term according to his own funds.

It can be seen that the car loan can be extended for up to 5 years, which can be adjusted according to personal ability. Then, after knowing the approximate loan duration, do you think that the longer the loan duration is, the better? To solve this problem, we can analyze it from the following points:

First of all, it depends on the repayment pressure. If you don't have much money on hand and have a high monthly repayment pressure, you can extend it for a little longer;

Secondly, it depends on the value of the vehicle and whether the purchased vehicle belongs to the brand with relative value preservation. If it is BYD, mingjue, Rongwei, Skoda and so on, the maximum loan is 3 years, and other domestic brands are 3 years. Generally, the imported vehicle and joint venture vehicle are based on personal needs, and the higher price can be extended a little;

Then we need to look at the interest rate of car loan, because there are several different ways to apply for car loan, and the corresponding interest and handling fees are different. We can determine the period after comparison.

It can be seen from this that the longer the car loan term is, the better. When choosing the term, friends need to consider comprehensively and make appropriate choices.

The car loan can be used for several years at most. For those who have seen the introduction above, I believe they will have an answer. Car loan is a common phenomenon, many loan platforms will also provide corresponding services, so that everyone can drive their beloved cars. However, it should be noted that no matter how many years the car loan is chosen, the repayment should be made on time to prevent the adverse impact on personal credit.