Jan 8 2022, 11:12 PM
QUOTE(skyhyk88 @ Jan 8 2022, 10:51 PM)
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.
15 - age of car (from year of manufacture) = No. of years of loan you can still get from the bank.E.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.
This post has been edited by xandras: Jan 8 2022, 11:16 PM
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