Glossary / General

loan term

9 Episode Mentions

Too Afraid to Ask

The loan term is how long you have to pay back the money you borrowed to buy a car. It's usually measured in months, like 60 or 72 months.

Technical Definition

The loan term refers to the length of time over which a loan is repaid. Common loan terms for car financing are typically 60 or 72 months, which affects the monthly payment amount.

Hear It Discussed

"...what are the new loan terms that he's seeing in this article? It there's now a 96 month loan term. Wow, that is eight years..."
It Sucks, But I Kinda Like It! - DWA! Podcast Ep. #918 Driving While Awesome 50:51

"...and you finance it for, God forbid, 60 or 72 months, which is the prevailing length of a loan now,..."
Polestar Price Cuts, Ram 2500 Review, Best Films of the Past 40 Years Car Stuff Podcast 05:12

"So a couple things. So we'll use that price. Loan term, dad, we know is closer to what, like 72 months? Yes."
Toyota & Nissan SLASHING Production RIGHT NOW | Episode 1035 CarEdge Live 17:42