Tips for setting up your first car loan

CATEGORY: GETTING A CAR LOAN

Getting a car loan for your first car can seem daunting. Taking on debt is a big step in life, so it’s important to carefully consider what will work for your budget and what you can afford. Here are some things to ponder before setting up your first car loan.

 Quick takeaways:

• Affordability is essential – think with your head not your heart when deciding what you can afford in car loan repayments. Read more
• Know all the costs upfront – everything adds up so make sure you take a good hard look at the cost of owning and running your car when assessing the car loan amount that you can afford. Read more
• Be car loan savvy – less time equals less interest and there are many ways that you can reduce the cost of your debt. Find out all the smart ways to manage your loan upfront. Read more

More info about car loans here.