Car Loan Age, Maximum age of a car for loan
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 Jan 8 2022, 10:51 PM, updated 4y ago
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#1
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Junior Member
112 posts Joined: Jul 2008 
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Hi all, I've tried googling but could not get an answer. For car loan, banks typically will allow for loan if the car is not older than how many years? For eg. a car is manufactured in 2012 but registered in 2013, will the bank still provide loan for it? normally how many years? Thanks.
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Jan 9 2022, 02:47 PM
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#2
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Junior Member
112 posts Joined: Jul 2008
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QUOTE(xandras @ Jan 8 2022, 11:12 PM) 15 - age of car (from year of manufacture) = No. of years of loan you can still get from the bank. thanksE.g.: Car manufactured in 2012, that makes it 10 years old in 2022. Bank will allow a max of 5 year loan on it. Source: From previous exp buying used cars.  |
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Jan 9 2022, 02:48 PM
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#3
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Junior Member
112 posts Joined: Jul 2008
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thanks all
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