Buying a car on finance is still a cost you have to be prepared to pay for the foreseeable future. Regardless of the time you sign up for the financial agreement, it’s a lot to commit to, especially when that’s just to pay for the car and not for everything else that comes with it. Car finance is frequently more expensive than it appears, as borrowers will only focus on the low monthly payments rather than the total ownership costs. There are many hidden expenses that lie beneath the general information on car finance, which a lot of people often overlook or ignore. From high APRs to balloon payments and add-ons, all of which can significantly increase costs. This guide will explain why you might be paying a lot more for your car finance than you might think. Image Source Key reasons why your car finance costs more There are…
