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Cars,

Glowpun

Glowpun

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I have not had to make car payments in a very long time, but now will soon have to.

So, if I finance $15k, how much would the interest be for a person with good credit rating and for how many years can this car be financed?
Or maybe I should say what is the average number of years to finance a car. Was it not at one time only 2 years?
 
Glowpun said:
I have not had to make car payments in a very long time, but now will soon have to.

So, if I finance $15k, how much would the interest be for a person with good credit rating and for how many years can this car be financed?
Or maybe I should say what is the average number of years to finance a car. Was it not at one time only 2 years?
Click to expand...

Depends on if you're talking about a used car or a new car. New cars can be financed for 60 to 66 months. The length of time you can finance a used car for will depend on how old the car is and how much you want financed.
 
Glowpun said:
I have not had to make car payments in a very long time, but now will soon have to.

So, if I finance $15k, how much would the interest be for a person with good credit rating and for how many years can this car be financed?
Or maybe I should say what is the average number of years to finance a car. Was it not at one time only 2 years?
Click to expand...
A+ credit for 3 or 4 years you could probably get 2.50% if you shop a bit. 0 to 1.90 from the dealers on certain new cars. You can go out to 84 months if you want lower payments, rate around 4%. I bought a used CRV and got right around 2.0% for 36 months. The dealer through Wells Fargo beat my credit union by a few basis points.
 
Beaudreaux said:
Depends on if you're talking about a used car or a new car. New cars can be financed for 60 to 66 months. The length of time you can finance a used car for will depend on how old the car is and how much you want financed.
Click to expand...

Does it make sense for a person to lease a car for personal use? What are the pros and cons of leasing? Any tax advantage?
 
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