The last of 24 installments of this loan needs to be repaid.

The reason why the last installment of the 24-term car loan needs to be repaid is that the outstanding amount in the first installment will be directly transferred to the next installment. Therefore, the car loan in the 24th month will be extended to the 25th month for repayment. This is the final repayment time for the last installment of the loan, so the repayment amount has not changed, and the repayment time has been postponed by one month.