Lexdiamonds Posted July 16, 2004 Share Posted July 16, 2004 I wanted to finance a 2001 GS430 and wanted the loan over 6 years so my monthly payments are a little lower. I was just wondering if banks give them loans if a car is used and the loan is 6 years. Thanks Quote Link to comment Share on other sites More sharing options...
lp1019 Posted July 16, 2004 Share Posted July 16, 2004 If it's a CPO, you are entitled to new car financing rates. There was just a 5 year incentive @ 3.9%. You can also check bankrate.com for lenders. Enjoy the new ride. Quote Link to comment Share on other sites More sharing options...
mbpgawest Posted July 16, 2004 Share Posted July 16, 2004 Lexdiamonds, I know that banks will do a 5.5 yr loan on used cars and I think that they will do a 6 yr., not sure. When I did my 5.5 yr loan, the loan amount could not be more than 80% of the value. Let us know what you find. B) Quote Link to comment Share on other sites More sharing options...
ChaosOrion Posted July 17, 2004 Share Posted July 17, 2004 Ask a bank, and you shall see :-) hehe Quote Link to comment Share on other sites More sharing options...
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