This means Annual Percentage Rate and simply refers to the overall amount of interest you are paying on your loan taking into account any deposit, part exchange, length of contract etc. This can be confusing as you can a higher APR on one loan but a lower monthly payment.
The actual payment is worked out using a FLAT rate so whenever you are comparing loans always ask what the flat rate is. The flat rate means the exact rate of interest you are paying every year on the loan.
5.25%
No, it depends on your credit history/file and the lender....
To find more information on the lowest possible apr available when buying a car, the best place to look is on the internet at car websites like car and driver and motortrend.
Depends on your situation and the model car and dealer you are buying from. Most times you will end up between 4% and 7% for average APR's. Often a credit union can offer better APR's than a dealership you are purchasing a car from. Also, some dealerships offer special APR's (as low as 0%) and bad credit can cause upwards of 12-15% for a car.
Annual Percentage Rate. Refers to the Interest rate paid on a car loan.
Or nearest offer. :)
lern
Price on Application
APR is Air Purifying Respirator.
There are many places where one can compare the APR on a car loan. Most loan companies have an area of their website that will allow you to compare the APR offered against other companies.
It means the car has 27,000 mile on the odometer.
APR can be Accredited in Public Relations, apparently a form accreditation.