PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What's the longest you can finance a luxury car?
How long can your term be on a luxury car? I want to finance a Lexus, but I also want to get the lowest monthly payment. I've read that you can get a lower monthly payment by extending the length of your loan.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Lenders usually offer loans up to 84 months long, but don’t hop on board just yet.
Seven years is a long time to have a car loan and you’ll be
upside-down
(owing more money than the car is worth) for nearly the entirety of the loan.As a general rule, 60 months is about as long as you want to take your car loan out. If you don’t like the monthly payment over 60 months, choose a cheaper car to lower your monthly payment.
Also keep in mind that insuring a
luxury car
can be quite expensive, so be sure to budget that into the monthly costs of owning your dream vehicle.” View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies