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Guide to the Common Dealership Terms When Buying A Car

Car Examer

NOVEMBER 2, 2024

Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. APR includes both the interest rate and any fees, giving you the true cost of borrowing.

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Balloon Payment Term Dealerships Mileage Limit 59
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Decoding Car Finance – Understanding Your Options

Shawn Ryder

MARCH 13, 2024

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. The Annual Percentage Rate (APR) represents the total cost of borrowing, including the interest rate and any additional fees charged by the lender.

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Finance Prepayment Penalties Balloon Payment APR 52
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