Can You Finance A Car With Over 100k Miles

Ariana

18 Jun, 2019

High miles high. They decide if they will loan money because you sign over the car to them if you fail to pay.

Can You Get A High Mileage Auto Loan 3 Things To Know

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Yes you can finance a car with high mileage.

Can you finance a car with over 100k miles. One of my co workers just told me banks will not finance any vehicle that has more that 100000 miles on it is that true can ayone enlighten me on this. Im looking at about 200month. Mind you this is my first car and im a 21 year old college student with a restaurant job.

What do they want with an ancient car. I plan to put down 5k and with 100k miles i feel like i can drive at least for 3 years. In fact it states that on most of their websites.

However it is not as easy to do as financing a used vehicle with less than 100000 miles. A 2004 hyundai sonata v6 that i bought in 2010 and i had it for around 18 months. He meant 1000 dollars not miles and he is right who wants a car with 160000 miles on it just because they say a car will last until 200000 miles does not mean it will.

This prevents you from checking the prices everywhere else. Can i refiance a car with 150k miles. That means they have to think do we want this car you will pay a huge interest rate because a car that was 20000 new will be worth about 800 after 100k miles.

Heres the deal i want to trade in my car which is worth only about 1500 and finance a used a car for 6000 thats all i can really afford. Call a few finance offices. Some sketchy lenders might finance a car over 100k miles on it but none of the prime banks or credit unions will.

To answer your question yes you can refinance a vehicle with over 150000 miles on it. If you have a fico of 765 try to get a personal loan for the 10k. Vehicles used to struggle to that mark but now its common to hit 200k as long as you get the oil changed regularly 5 7k miles depending on the kind of driving you do.

You can easily get a decent car in the 5 7k range and get another 100k miles out of it at a fraction of the cost of new. I bought an 07 jeep with 100k and its been fine. You as the owner can only hope that with all the proper maintenance and believe me no way does an owner keep up with all the maintenance schedules.

It had 104000 miles on it when i got it for 4500 and it had 130000 miles on it when i sold it to a dealer for a. Luckily a site i came across can help you compare costs and do your research before going to the car dealership. You even can get pre approved on an auto loan before you head out.

Recently i found one for just over 10k however theres a bit over 100k miles on it. I am attaching a picture of the first car i owned. Too many new cards and am too lazy to update my signature message 10 of 13 1 kudo.

Can You Finance A Car With Over 100k Miles