Can I finance a Car that's at least 5000$ ?

Asked by Jan 30, 2015 at 10:39 PM about the 2004 Honda Civic EX

Question type: Shopping & Pricing

4 Answers

68,715

If you have good credit you can. But if it's an older model you may have to take out a personal loan. In this case though be careful. You don't want to be still paying on a car that's sitting in the junk yard. HTH. -Jim

49,385

Banks have a book where they can look up the loan value. They seldom loan more on a vehicle than the loan value. You may have to make up the difference. Many car-lots do loans on vehicles, but if your credit is poor they charge a huge interest rate. Cash is always best, but we don't always have the necessary cash.

1,045

A bank I have used shows: Maximum Used Auto Loan amount is NADA "Retail Value." Maximum term based on amount borrowed. APR as low as* Term Loan Amount 2.49% APR 36 months $500 to $100,000 2.99% APR 48 months $7,500 to $100,000 2.99% APR 60 months $10,000 to $100,000 3.49% APR 72 months $20,000 to $100,000

1 of 1 people found this helpful.
825

There are plenty of financing options... you can find a lot of banks even online that do not put up too many stipulations as t o age of car - they are really concerned about value so most worry more about mileage than age... the fact is an older car depreciates less, so banks understand that if you buy it right, they will actually be safer financing an older vehicle... so it really comes down to the value of the car, your debt to income ratio and credit...

Your Answer

Add photo

Related Questions

Civic

Looking for a Used Civic in your area?

CarGurus has 83,701 nationwide Civic listings starting at $750.

ZIP:
Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Honda Civic Questions

Honda Civic Experts

#1 Tom Demyan
Tom Demyan
Reputation 1,020
#2 Takoda Fraser
Takoda Fraser
Reputation 1,000
#3 Jonathan Ford
Jonathan Ford
Reputation 980
View All

Related Models For Sale

Used Honda Accord
1,053 Great Deals out of 66,933 listings starting at $1,000
Used Honda Civic Coupe
216 Great Deals out of 15,958 listings starting at $1,500
Used Toyota Corolla
1,004 Great Deals out of 68,557 listings starting at $1,800
Used Toyota Camry
1,225 Great Deals out of 82,703 listings starting at $750
Used Nissan Altima
1,281 Great Deals out of 74,433 listings starting at $1,000
Used Honda CR-V
950 Great Deals out of 56,203 listings starting at $1,000
Used Hyundai Elantra
645 Great Deals out of 41,978 listings starting at $900
Used Mazda MAZDA3
394 Great Deals out of 28,779 listings starting at $1,495
Used Honda Accord Coupe
178 Great Deals out of 10,279 listings starting at $1,495
Used Ford Focus
824 Great Deals out of 54,176 listings starting at $1,200
Used Ford Mustang
680 Great Deals out of 44,480 listings starting at $1,500
Used Nissan Sentra
614 Great Deals out of 52,054 listings starting at $1,000
Used BMW 3 Series
1,022 Great Deals out of 31,416 listings starting at $1,000

Used Cars For Sale

2017 Honda Civic EX For Sale
14,481 listings starting at $18,600
2016 Honda Civic EX For Sale
13 Great Deals out of 432 listings starting at $15,188
2015 Honda Civic EX For Sale
20 Great Deals out of 729 listings starting at $9,390
2014 Honda Civic EX For Sale
54 Great Deals out of 1,305 listings starting at $10,450
2013 Honda Civic EX For Sale
24 Great Deals out of 466 listings starting at $7,890

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.