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 Car Loan Age, Maximum age of a car for loan

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SUSshidie6990
post Feb 3 2024, 10:04 PM

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When it comes to financing, lenders typically have a cut-off for the age of vehicles they're willing to finance, often setting the limit at around ten years. This policy is in place to mitigate the risk associated with older vehicles' depreciating value and potential mechanical issues. When determining a car's eligibility, the year of manufacture is generally the deciding factor for most financial institutions, though there are exceptions where the registration date may be considered.

I had a similar thing happen to me. I needed money for a car that was almost too old for a loan. That's when I found out about the gadai bpkb motor. They helped me out quickly, in just a day. The interest they charged was correct, 0.7% to 2%. They also let me choose how long I wanted to repay the money.

This post has been edited by shidie6990: Feb 6 2024, 04:13 PM

 

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