Duration: How long to choose for your car loan?

If the financing of a vehicle with a bank loan remains an interesting alternative to leasing, the choice of the length of the contract strongly influences the interest represented by this solution. How long to choose for which situation? Our advisors help you make the best loan possible.

Interest and monthly payment

Interest and monthly payment

The duration of a car loan is in principle between 12 and 84 months. The choice of the number of monthly payments must be carefully considered. Indeed, of this one will depend on two important elements related to the repayment of the loan:

  • The monthly payment, or monthly bill: it will be even lower than the loan will be repaid over a long period
  • The interest paid in total: it will be all the more advantageous that the loan will be repaid over a short period

How long to choose for your car loan?

How long to choose for your car loan?

The answer will depend essentially on the situation of each borrower: amount necessary for the purchase of the vehicle, but also the capacity of refunding. To help you make the best choice, we will gladly take care of your file:

  • Benefit from tailor-made advice from a specialist who has been active for more than 15 years in the field of financing of vehicles on credit
  • Individualized support, leading to a concrete proposal at the best rate
  • No fees
  • Fast and confidential processing of each request

Your offer by a specialist

You wish to benefit from a fast, free and confidential offer? We help you finance your car on credit on the number of monthly payments of your choice. Contact us to receive a proposal as soon as possible!

Misty Mora

Back to top