Stretching a car loan from 48 months to 60 months means the car will end up costing you more when you have paid in full.

Name: Stretching a car loan from 48 months to 60 months means the car will end up costing you more when you have paid in full.
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

Stretching a car loan over a longer period of time means you will be paying more in interest fees, which increases the total cost of the car over time.

Stretching a Car Loan from 48 Months to 60 Months