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What is the term (length of loan), and, can I re-pay the loan early?

April 26, 2017early LENGTH loan re-pay term

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What is the term (length of loan), and, can I re-pay the loan early?

2 Answers

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10 Posted

The term of the loan depends on the type and year of vehicle being financed, on the loan amount, and down payment. The average term ranges from 10-20 years. In almost all cases, you can pre-pay the loan with no penalty, or, refinance the loan at a latter date.

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Posted

The term of the loan depends on the type and year of vehicle being financed, on the loan amount, and down payment. The average term ranges from 10-20 years. In almost all cases, you can pre-pay the loan with no penalty or refinance the loan at a later date.