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help regarding car loan apr/fixed rate
hi
i am confused at the various figures offered for car loan for 10.4 k
apr of 7.9% by the dealer
flat rate of 2.99% mentionned in the posts here
4.99% fixed on my mortgage which i can get them to put this sum on
which is the best way is there a simple formula to do the comparisons
please help
i am confused at the various figures offered for car loan for 10.4 k
apr of 7.9% by the dealer
flat rate of 2.99% mentionned in the posts here
4.99% fixed on my mortgage which i can get them to put this sum on
which is the best way is there a simple formula to do the comparisons
please help
0
Comments
-
APR is about (in fact a little less than) 2*(flat rate). Your mortgage rate is APR, but this is a loan secured on your property and you will probably pay some arrangement fee to have this amount added to your mortgage.hi123 wrote:... is the best way is there a simple formula to do the comparisons
Fixed is opposite to variable. AFAIK flat rate is fixed.0 -
thanks
looks like4.99% on motgage may be the best way but willspeak to the bank today re arrangement fees
even the dealer's quotation is very confusing and has some admn charges0
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