This will depend on the value of the car you are interested in buying, the type of finance you choose and the finance company which offers it. It’s therefore important to get an accurate comparison of interest rates charged on all the products you are considering. To do this, ask what Annual Percentage Rate (APR) would be charged and use it to compare all of your different finance options. Always use the APR rather than any other interest rate because it includes other charges such as administration fees. All finance companies are obliged to state the APR on finance documentation.

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Posted in: Car Finance Information