When purchasing somthing like a car, what does APR mean?
2007-11-26 23:23:52 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Annual percentage rate...
2007-11-26 23:27:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
APR is the annual percentage rate. When you take out a loan to purchase a car, the APR has to be quoted. Its the real rate of interest which you will be charged over the year
2007-11-27 07:48:21 · answer #2 · answered by Nic 3 · 0⤊ 0⤋
As others have already said, it stands for Annual Percentage Rate. It's the true cost of borrowing money and is the ONLY legal rate that may be quoted in the US.
2007-11-27 07:35:05 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Hi Lori. Can we be friends on 360? Hey Lori! I am honest too! I also have a daugther, just like U. But she is 13. Are U happily married?? Annual Percentage Rate.
2007-11-27 10:16:26 · answer #4 · answered by pain_of_unhappiness 2 · 0⤊ 0⤋
annual percentage rate
2007-11-27 07:28:43 · answer #5 · answered by WC 7 · 0⤊ 0⤋
yup yup
that be it!
annual percentage rate is what it is called!=)
2007-11-27 07:32:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋