The monthly installment differs from one customer and one financier to another, but the main factors are almost always the same.
- Car price: the higher it is, the higher the installment.
- Down payment: a larger one means less to finance.
- Term: a longer term lowers the installment but raises the total cost.
- Final payment: deferring part of the amount to the end of the term lowers the monthly payment.
- Salary and commitments: the financier decides how much you can borrow.
Use the installment calculator on the car page for a quick estimate, and remember it is approximate and confirmed by the bank.