APR Automotive Prepayment Penalties 
Shawn Ryder
MARCH 13, 2024
Finance in the automotive world can be a complex and daunting topic for many individuals. Understanding Interest Rates and Fees The Role of APR in Car Finance Interest rates play a crucial role in determining the overall cost of your car loan. Some common fees include origination fees, prepayment penalties, and late payment fees.
AutoRaptor
APRIL 5, 2024
When discussing interest rates and APR, simplify the explanation. These fees can include application fees, origination fees, and prepayment penalties, which may offset the savings gained from refinancing. Show them how the interest rate directly affects their monthly payments and the total amount paid over the loan term.
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