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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.
What else can I help you with?
What is a good APR when buying a car?
5.25%
Do you choose the APR when buying a new car?
No, it depends on your credit history/file and the lender....
Where can I find more information regarding lowest possible apr?
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.
Average apr for car loans?
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.
What is apr mean?
Annual Percentage Rate. Refers to the Interest rate paid on a car loan.
What does ono mean when buying a car?
Or nearest offer. :)
How does an APR impact the cost of the car APR stands for Annual Percentage Rate?
lern
What does p o a mean when buying a car?
Price on Application
What does apr mean in relation to gas mask?
APR is Air Purifying Respirator.
Where could a person compare the APR on a car loan?
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.
When buying a car and they said mileage is 27k what does that mean?
It means the car has 27,000 mile on the odometer.
What do initials APR mean after a professional title?
APR can be Accredited in Public Relations, apparently a form accreditation.
