How Long Can You Finance a Used Car?

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If you’re looking to upgrade to a new vehicle for your St. Louis commute but don’t want to spend the full price on a new vehicle, then choosing to get a pre-owned vehicle is an affordable alternative. If you choose to finance a used car, then you might be wondering how long you can finance a used car. Learn about the in’s and out’s of used car financing with the finance center at Suntrup Automotive Group, and visit us to explore your financing options.

Maximum Length for Used Car Financing

There’s no set way to determine the maximum length for used car financing as there are many factors considered by lenders when financing. Some St. Charles lenders or banks might not consider a pre-owned vehicle that has over a certain amount of miles on the odometer or if it’s a certain amount of years old. Most loan terms last anywhere from 24-84 months, but you’ll have to contact your lender to get an exact number.

Used Car Loan Terms: Short vs. Long

When it comes to determining the length of your used car loan term, there are some things you’ll want to consider as there are pros and cons to both long and short loan terms for used cars. When trying to determine a loan term with your lender, here are some things to keep in mind:

Long Used Car Loan Term


  • Lower monthly payments
  • More money saved in the future
  • Options for refinancing


  • Higher interest rates
  • More depreciation occurs

Shorter Loan Terms


  • More chances to pay off the loan early
  • Lower interest rates
  • Better chance for refinancing


  • Higher monthly payments
  • Less room for error when budgeting

So, how long can you finance a used car? The amount of length you choose for your loan term will depend on the specific vehicle you choose and what plan works for you and your current circumstances. Visit our finance department at Suntrup Automotive Group near Fenton for more car-buying information, so you can make the best financial decision possible.

Get Used Car Financing at Suntrup Automotive Group

Once you have found the used car you love, visit our dealership in St. Louis or contact us online. Let us help you explore all of your financing options and figure out the best plan for you.

Used Cars for Sale in St. Louis

Suntrup Automotive Group 38.5214964, -90.3451239.