Posted on 01 December, 2015

Gapuwiyak calculates car affordability

Our Gapuwiyak team members Erin and Basma have found that this time of year has been very busy for their community members getting loans and buying new cars. One of the most useful websites they use is the Moneysmart loans calculators as it helps their client see how much they can afford to pay off and how much they can afford to borrow. It has on more than one occasion shown a client that it is not always best to pay back the minimum amount over a longer period of time. It can actually be in the clients best interest to pay back an amount that they have sat down and figured out that they can afford. If you are thinking of buying a new car, go and see your local Money Management Worker to do a budget and compare different loans. 

Moneysmart Calculator

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