In NU, what should I know about bi-weekly vs monthly payments for car loans?
In Nunavut, choosing between bi-weekly and monthly car loan payments significantly impacts your overall cost and repayment timeline. While a standard monthly schedule entails 12 payments annually, a bi-weekly option involves 26 payments, often aligning conveniently with paycheques. The most advantageous is the 'accelerated bi-weekly' payment, calculated by taking your regular monthly payment, dividing it by