To work out your ideal term, you need to find the right balance.
Borrowing for too long is not a good idea because your car quickly
depreciates in value, while borrowing for too short a term can
seriously increase the amount you have to repay each month. Find
out more about estimating how much you can borrow.
calculator enables you to see how much you will have to pay off
each month over a specific period. All you need to do is enter the
invoice amount, the amount to be borrowed and the desired term, and
you'll get an immediate idea of your total monthly repayments. It's a
great way to find the ideal loan and the right amount to borrow.
There are a few legal constraints that apply to the term of a loan
(these are automatically built into the car loan calculator).