[Mr 5 0]

Most used car loans are for no more than 36 months.

Depending on the cost of the Cobra (around $18,000.) and your down payment (at least 10% is usually minimum - more is better) and with rates around 7%, you are looking at a pretty big monthly payment for a used car. Consider a big down payment if you can (to lower the monthly) but I doubt you'll get anything more than a 3-year loan on any used car. A home equity loan would be a much better way to go...if you own a home and have equity in it, of course. If not...save up a big down payment or be prepared to pay the monthly payment of a new car loan - and having a used car.