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?...

Author Avatar
What Car? Staff
10 Feb 2011 16:10 | Last updated: 14 Jun 2018 00:03

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

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