Longest Car Loan

Longest Car Loan

The longest car loan is an 84-month loan. That works out to be seven years. The question is: If you qualify, is it worth it?

Our team at Val-U-Line® knows all the ins and outs of auto financing. We're here to explore the longest car loans so you can decide if choosing one is the best financial decision for you!

84-Month Auto Loan: Is it Worth It?

A longer car loan does come with its benefits. For starters, choosing a longer term could make your monthly payments more affordable. That will make it easier for you to budget, pay down other debts, and save money. It could also allow you to spring for a nicer, more expensive vehicle.

One thing you'll need to plan for when opting for a longer loan term is the total accrued interest. It tends to be higher than with short-term loans because there's more time for it to compound.

Let's look at how loan length plays a role in the accrued interest for a $20,000 loan at 5% APR:

Loan Term

Total Accrued Interest

60 months


72 months


84 months


It's also easier to end up "underwater" with longer 84-month or 72-month loans. That means, you'll owe more than the vehicle is worth. How can you avoid that? The best thing to do would be to refinance longer loans if you're able. You could also sell the car before it's fully paid off and you might break even.

What Are the Alternatives to Longer Car Loans?

Car Loan Alternatives

There are plenty of other options to consider over longer car loans. One of the most realistic is simply choosing a more affordable car. That's easy when you shop at one of our used car dealerships. All our pre-owned vehicles are priced at or below $14,999.

You could also consider finding a cosigner. A trusted family member or friend with good credit could vouch for you, which might help you secure more options, including short-term loans. They could also help you get a lower interest rate, which will also help secure a lower monthly payment.

If you can wait a little while longer, you could also continue to save money for a larger down payment. The more you put down on a car, the less you'll have to finance. That will provide a lower monthly payment and a potentially shorter loan term.

Auto Financing at Our Used Car Dealership

At our used car dealerships, we have a team of experienced financial advisors who can walk you through the entire process. We can help you get pre-approved before you start your journey so you'll know exactly how much car you can afford based on your ideal loan term.

Our team has years of experience working with drivers in all types of credit situations. Whether you're looking to rebuild your credit, start a reputable history, or you've never missed a payment, we'll go the extra mile to secure the flexible and affordable financing you need.

We can even help with trade-ins. If you're looking to swap out your old vehicle, we'll take it off your hands. The trade-in credit you receive can go toward the down payment on your next ride, which could help you opt for a shorter loan term rather than the longest loan available.

Is the Longest Car Loan Right for You?

Now that you know the pros and cons of choosing the longest car loans, you'll be ready to decide just how long your next loan should be. Our team is here to guide you through each phase of auto financing so you can hit the road with confidence.

Contact our team at Val-U-Line® to learn more!