How Long Should My Car Loan Be? – Lexington, KY

shutterstock_284666873Most car buyers have a rough idea of what monthly payments will fit their budget when it comes to buying a car. The figure is what buyers usually target when making a deal. Check out the FREE Online Car Payment Calculator offered by onlineloancalculator.org.

New car buyers are struggling between two things. Trying to get a good interest rate and a reasonable monthly payment. Sometimes the five year loan has a monthly payment that is too high, and buyers end up financing a longer term, even if it costs more down the line.

Not sure what deal is best for you? No problem! Let our finance expert’s at Glenn Nissan help with these decisions. We will make sure you make yourself the best deal possible.

It’s important to know what you can afford in terms of monthly car payments, but that shouldn’t be your only measurement of a good car loan. Look over the contract in full detail so you are aware of what you’re paying for the car.