This kind of loan can be borrowed for up to 5 years.

Car loan terms are generally divided into six types: 6 terms, 12 terms, 24 terms, 36 terms, 48 ??terms and 60 terms. The longest term will not exceed 60 terms, which is 5 years. . The amount of a car loan is generally lower than that of a home loan, so if the loan term is 3 years, the monthly payment will not be particularly large, and it is still affordable for ordinary users.

Furthermore, the shorter the car loan period, the less interest you have to pay, and the earlier it is paid off, the user's burden can be reduced as soon as possible, and the car can be unpaid as soon as possible, so most users will Choose a 3-year car loan.