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APR, Annual Percentage Rate explained

blog:APR Archives | Car Nation Canada

APR, Annual Percentage Rate explained

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When you’re considering a car loan, one of the main considerations you will have is how much interest you’ll pay. That interest is expressed as APR, Annual Percentage Rate. But what is exactly is it, how is it worked out and why does it vary so much? APR, interest rate, representative APR, whatever lenders call […]

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