How does fixed or linked interest rate affect car payments?

Описание: What difference does the type of interest rate make IRL? Watch the video to learn about how a linked interest rate (aka variable interest rate) is tied to the prime interest rate and what effect interest rate hikes have on your monthly instalments. Find out what happens when your vehicle finance agreement has a fixed interest rate instead and how this impacts your car repayments and your budget.
00:28 Linked interest rate
01:09 Fixed interest rate 
 
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