Question:
I am coming out of a lease and I want to buy the SUV at the residual value. It is a 2004 but I recall years ago that a loan on an older care can only be financed for so many months.
Answers:
What would be a good asking price for this car?
High-End vehicles qualify for longer term.Car Salesman....Lease..Am I screwed? HELP!!?
I know it doesn't answer your question but the answer CAN vary on a few things:
What's A Website Where I Can Find Cheap Cars Besides EBay Under $2,500?
The Lien Holder.
Your Fico Credit Score.
The type of auto.
Unfortunately this is something that you're going to have to find out when you apply for different financial backing in the process of buying your vehicle.
But yes... it sounds like you'll be able to get 48 months out of your 2004 unless your credit is really good or it's a luxury vehicle.
If you are a car dealer or were a car dealer??
Good Luck!
If you purchase a vehicle and arent finianced can you turn the vehicle back in??
It depends on the lending institution, some will let you got out as far as 72 monthsMore Questions & Answers ...
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