Know your APR

  • Interest rate held at 0.5% since March 09
  • We've hunted out deals, offers and discounts
  • Do you know what APR actually means?
Words By What Car? Staff

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Fewer than one in three borrowers know what the interest rate is on their loan, according to research by Autoquake.com.

Indeed 5% said they didn't know what APR meant.

If you don't know your APR from your PCP, check out What Car?'s Glossary of car-buying terms