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Is the monthly payment lower in a 3 year vs. 2 year contract?

April 26, 2017contract lower payment vs year

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Is the monthly payment lower in a 3 year vs. 2 year contract?

1 Answer

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No. The monthly payments are fixed and dependent on the initial deposit. The smaller your deposit the more monthly credits you’ll need to account for in your Down Payment Saving Plan therefore increasing your monthly payments.