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S - Sub-prime finance

05 June 2006

Sub-prime finance - Finance offered by companies such as Yes Car Credit to buyers who have been refused credit elsewhere. Loan rates of around 19.9% APR are incredibly expensive and should only be used as a very last resort.


Glossary

Want to know the difference between your APRs and your PCPs? Our Glossary will guide you through the minefield of car-buying terms.