A car loan is normally repaid in instalments over an agreed term. The amount you pay depends on the amount borrowed, interest rate, repayment frequency and applicable fees.
A longer term can reduce each repayment but may increase the total amount of interest paid. Use a calculator to compare scenarios rather than focusing only on the weekly figure.
The lender will assess your personal circumstances. Make sure you understand the full cost of finance before agreeing to a loan.
A helpful reminder
← Back to all guidesThis is general information, not a personalised loan offer or financial recommendation. Loan features and eligibility depend on your circumstances and the lender.