With a long-term car mortgage, you should still owe greater than the worth of the car once you need to commerce it in. In that state of affairs, chances are you’ll be provided so as to add the remaining debt to a brand new mortgage. That means an even bigger debt, probably at the next rate of interest.
Get ideas that will help you make knowledgeable choices about car financing at:
Understanding your monetary rights and tasks means no surprises. Find out extra at Canada.ca/it-pays-to-know.
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