Business Book Lovers

How many years can I be approved for financing on these vehicles?

I have fairly good credit, I am interested in two vehicles, both are the same price. One is a 2002 Suburban with 87,000 miles and the other is a 2003 Suburban with 68,000 miles. My question is what is the max amount of months that I could get on each vehicle?

Public Comments

1. Um... Maybe check with your bank. They can probably give you much more accurate information than anyone on here. Your credit score is one factor - your debt to income ratio is another. You can sometimes get brownie points if you have had other loans with that bank, and have made the payments on time. Go look on kellybluebook.com to get an idea of the loan value. Most loans are 48-60 months. But it mostly depends on your credit, those other factors, and how long the bank is willing to go on them.
2. Some banks will go 60 months on a used car with good credit and a good loan. Most stop at 48 months.
3. Like these other guys said, it comes down to credit history, but there are some lenders that will give you up to 66 months for the one with 68k. The one with 87k is probably going to be limited to 48, but if your credit is very good, you may find one that will still do 60 months. The thing to be wary of is financing a vehicle with this many miles for the longer terms, especially the one with 87k because once you hit 100k all value falls out of it. If there is an option to purchase Gap, do it in case you total this car.