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Deciding the length of your plan is dependent upon lots of different factors, read on or watch our video to understand the ins and outs of the things you should consider when fixing your term.
Here are a few things you should consider when deciding on the length of your finance agreement:
- What can you afford to pay monthly?
- Are you likely to have any major outgoings over the next few years that might affect how long you’d like to pay for a car on finance?
- Are you likely to be in paid employment throughout the duration of the contract?
- What’s your expected annual mileage?
- At what point will it be cost effective or desirable to upgrade to a new model?
If you’re still not sure, we’ve had a look at the pros and cons of both options to help you make the best choice for you.
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