0 Shares 16005 Views

Vehicle financing: avoiding long-term difficulties

23 March 2020
16005 Views
Vehicle financing: avoiding long-term difficulties

Vehicle financing: avoiding long-term difficulties

(EN) Do you want to buy a car or truck? Make sure you get the best deal – short and long term. A long term loan from a dealer is not always the best financial option. Vehicle financing avoiding long-term difficulties. Here are a few tips :

You should be aware of the risks associated with negative capital.

If you take out a long-term car loan – that is, more than five years or 60 months – your monthly payments will be lower than if you had obtained a more conventional loan. Generally, cars are traded after four years, and on that date, the car is worth less than what you owe. This is called negative capital. By selling or trading your car before the end of your loan term, you will still owe money and you risk entering a vicious circle.




Shop

Les concessionnaires d’automobiles n’offrent pas toujours les meilleurs taux d’intérêt pour les prêts-autos. Comparez les modalités offertes par différents prêteurs, y compris votre banque.



Explore other ways to lower your payments

Un prêt à plus long terme réduit le montant de vos versements mensuels, mais une mise de fonds a le même résultat, tout comme l’achat d’une voiture plus abordable ou encore un taux d’intérêt plus bas.



Did you like this article ? Share and comment!

ABONNEZ-VOUS À NOTRE INFOLETTRE

You may be interested

Different tourist activities to do during a stay in Cuba
News
29252 views
News
29252 views

Different tourist activities to do during a stay in Cuba

Palam - 20 October 2021

Different tourist activities to do during a stay in Cuba During a getaway to Cuba , tourists are spoiled for choice regarding what to do there. A trip to this…

Online casinos for newbies
Financial
23945 views
Financial
23945 views

Online casinos for newbies

Palam - 2 August 2021

Online casinos for newbies The availability of gambling has increased significantly since the internet has spread around the world, becoming cheap and high speed. Today, any resident…

Universal Studio: blockbuster movies soon in theaters
Movies
103 views
Movies
103 views

Universal Studio: blockbuster movies soon in theaters

Tiburce Melome - 7 July 2021

Universal City Studios LLC, or Universal Pictures, is the oldest remaining U.S. film studio and the fourth oldest film production studio in the world. That is to…

Most from this category

The best movies from video games
Fun
23917 views
23917 views
Five (5) games to have fun at home
Fun
23920 views
23920 views
Lucky flowers
Gaming
23909 views
23909 views

Lucky flowers

Palam - 22 March 2021