Can You Finance A Car Over 100 000 Miles

Ariana

18 Aug, 2019

I bought an 07 jeep with 100k and its been fine. Yes you can finance a car with high mileage.

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Go with wells fargo for your car loan because then give the best rates and longest terms on cars that have high miles or are older.

Can you finance a car over 100 000 miles. Supposedly getting financed through wells fargo but waiting for the dealership to do the bait and switch. High miles high. With a lower rate than a personal loan.

Besides im keeping the vehicle till the engine blows now back to the op. 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. 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.

You could refinance your car with many lenders the same as you would any other car the problem is the interest or term they will allpw on a older or high mile car. 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. We have the answers.

Car is a 2007 ford mustang gt purchase price 11885 putting 1500 down. Are you car shopping or are you payment shopping. Is the goal to borrow.

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. Just take the 2001 vw golf 19 tdi we tracked down which is a true member of the high mile club. Extended warranty for cars over 100k miles what you should know vehicles are lasting longer than ever.

Bottom line in two years when its paid off and i refinance the car ill get 100 of the loan to myself. Most modern cars have a design life of at least 150000 miles so you can be happy theyll last at least this long if maintained with a service schedule. Auto loan for a vehicle with a little over 100000 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. According to consumer reports the average age of cars on the road in 2017 was 11 years old which is a three year gain on the 1995 average age of eight years. Can i refinance a car with a little less than 5 years old at 150k miles.

However it is not as easy to do as financing a used vehicle with less than 100000 miles. 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 can easily be doubled though if the car has been well looked after.

If youre buying a car should you be more concerned about its miles or its age. But what about a 2 year old car with 100000 miles. If youre buying a used car mileage should be a huge factor in your decision.

Or an 8 year old car with only 20000 miles.

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