These are the car brands with the longest loan terms – 24/7 Wall St.


Auto loans are part of the car sales process and can be categorized by loan term and loan rate. It’s not uncommon for a loan term to reach 72 months (many people don’t own a new car that long). Loan rates can be as low as zero.

A good example of long-term loans and low interest rates is Chevrolet’s current offer on its 2022 Trax small crossover. The offer is 0% financing for 72 months.

One of the reasons that car manufacturers offer attractive loans is that they often own the company providing the loan. It is a way for the manufacturer to make more money. For example, Mercedes has a division called Mercedes-Benz Financial Services.

LendingTree looked at loan term by state in its study “Where Borrowers Take Longest Auto Loans.” LendingTree points out that, “As new and used car prices soar, average auto loan terms are also on the rise. Since long-term auto loans can mean lower monthly costs, car buyers may prefer or need more time to afford a vehicle. They also warned that these loans can be expensive because of the accrued interest.

In making its decision, LendingTree reviewed 29,000 auto loans that closed between October 12, 2018 and October 12, 2021. It looked at loans over 60 months and those over 72 months on slightly different criteria. For 60 months or more, the measure was the percentage of loan terms. For 72 months, the measure was the percentage of all loans that fell into the category. The universe was the 48 largest subways.

The same study looked at the car models with the longest loans. The brand with the longest loan term is Tesla at 67.1 months. Here are the 20 car brands with the longest loan terms:

  • Tesla (67.1)
  • Aries (66.3)
  • Kia (64.8)
  • GMC (64.6)
  • Land Rover (64.3)
  • Nissan (64.0)
  • Cadillac (63.9)
  • Dodge (63.7)
  • Infiniti (63.6)
  • Chevrolet (63.5)
  • Jeep (63.4)
  • Mitsubishi (63.4)
  • Hyundai (63.1)
  • Ford (63.0)
  • Buick (62.4)
  • Porsche (62.4)
  • Jaguar (62.3)
  • Mercedes-Benz (62.3)
  • Volkswagen (62.3)
  • Acura (62.1)

Click here to see what are the most affordable cars in America.

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