Common car loan duration

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asked Sep 24, 2021 99.6k views

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Brandon Kreisel · Answer 1 · 2021-10-01T12:38:30+0000

Answer:

In 2019, the average term length was 69 months for new cars and 65 months for used vehicles. Most car loans are available in 12 month increments, lasting between two and eight years. The most common loan terms are 24, 36, 48, 60, 72, and 84 months, according to Autotrader

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Common car loan duration

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