Before signing that car deal, ask these questions
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Buying a car is one of the biggest financial commitments you'll make, so go in with your eyes open. Loan terms typically run 60 to 72 months — a longer term lowers your monthly instalment but significantly increases what you repay overall.
Always ask for the total repayment figure, not just the monthly number.
Missing payments damages your credit record, and early settlement may carry costs. Crucially, the instalment is just one line item — insurance, fuel, maintenance, and tyres are non-negotiable running costs.
Before signing, ask:
Is the rate fixed or variable?
Is there a balloon payment?
What's the total repayment?
What are the early settlement terms?
Can I genuinely afford this vehicle?
Always ask for the total repayment figure, not just the monthly number.
Missing payments damages your credit record, and early settlement may carry costs. Crucially, the instalment is just one line item — insurance, fuel, maintenance, and tyres are non-negotiable running costs.
Before signing, ask:
Is the rate fixed or variable?
Is there a balloon payment?
What's the total repayment?
What are the early settlement terms?
Can I genuinely afford this vehicle?
