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108 Month Auto Loans

108 Month Car Loan
108 Month Car Loan Quotes!

Interested in 108 month car loans?

Each term length comes with its very own advantages and disadvantages.

Short term, 2-4 year car loans let you pay back your vehicle in less time, and you won’t pay as much in terms of total interest. On the other hand, there’s a downside: the payments are much higher.

Longer auto loans divide the loan amount into more, and consequently smaller repayments over a greater period of time. That said, this extended repayment length translates to more total interest. On top of that, the buyer may be faced with an “upside down” equity situation for a longer length of time.

Down the page, we have detailed the merits and drawbacks of shorter versus longer term auto loans. Remember, a 9 year car loan makes for an insanely long-term period of repayment.

Longer Term

Shorter Term

  • Cheaper Monthly Payments

  • More Interest Paid

  • Worse Interest Rates

  • More Risk of Being Upside Down

  • Less Trade-in Value

  • Expensive Monthly Payments

  • Less Interest Paid

  • Better Interest Rates

  • Less Risk of Being Upside Down

  • More Trade-in Value

Why not get a rate quote on a 9 year auto loan? Please click here to get started!

108 Month Auto Loan Payments

Your precise rate of interest is determined by much more than the number of months you plan to take to pay down your car.

However, we’re able to show you some estimated payments and finance fees for 108 month auto loans with rates for excellent, good, fair, bad, and horrible credit, together with a $20,000 loan amount.

Interest Rates

Payment per Month

Total Interest Paid

  • 4.5% APR

  • 6.0% APR

  • 8.0% APR

  • 12% APR

  • 20% APR

  • $225

  • $240

  • $260

  • $305

  • $400

  • $4,360

  • $5,930

  • $8,120

  • $12,800

  • $23,260

Essentially, the installment payments for your 9 year car loan will be very low, and the total amount of interest paid will be very high. The 108 month car loan is really only suitable for someone who plans to finance a car that will increase in value as time goes on. This may be a rare or classic car. The increase in value may balance out the total interest paid…at least to some extent.

Would this fit well with your needs? If so, we will help you get approved for the 108 month car loan you need…online!

Click Here to Apply!