Finance – term of loan

We are not financial advisors so seek your own advice. However, we often see people finance their vehicles over a longer period than they would normally keep their vehicles for. Some finance companies are now financing vehicles over 7 years! Owing money on a vehicle when you go to sell it limits your options, especially if you still owe more than the vehicle is worth. It can cause you to be locked into a vehicle which is no longer suitable for your needs. We think it’s important to think about this up front