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Finding the Loan Term ‘Sweet Spot’

You’ve spotted the perfect car, maybe taken it for a spin around the block. The keys are almost in your hand – but how’s that loan looking?

When it comes to organising the finance for your new vehicle, the term you choose to repay your loan over can make a big difference.

                                           

Too short a term, and the payments can be a bit chunky. Too long and you can end up with a loan that hangs around when it really shouldn’t. Here are a few things to think about.

 

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