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Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. When you’re buying a car, especially for the first time, the terminology used at UK car dealerships can feel overwhelming. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage.
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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