Used Car Loan Length (Iowa)?
How long can I run a used car loan for in Iowa? What is the most common length that lenders usually allow?
Update:Thanks. And no, I'm not looking at buying a $4000 car. It's more like a $13,000 car.
Answers & Comments
Verified answer
It depends on your credit, the amount of the loan and the year of the car, just like every where else.
1
This look like a bank? Ask your lender. As mentioned, this depends on YOU and your qualifications.
Anyway, a used car typically runs 3-4 years tops for loan terms. No, don't think you can buy a $4000 car and take a loan out to 48 months, either.