What are typical term lengths for auto loans?

While auto loans come in many forms, shapes and sizes, certain term lengths are commonly used.

Auto loan payment terms typically range from as short as 1 year (12 months) to as long as 7 years (84 months). Howeverm term lengths of 84 months are not very common, and some lenders will limit the length of a potential loan to a maximum of either 4 years (48 months) or 5 years (60 months).

Payment terms lengths can depend on a number of different factors, including on the specific type of auto purchased, whether the car is new or used, the credit history of the applicant, and the policies of the lending insitution.