24 January 2008
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Know your apr!

The interest rate you pay on a car finance deal is generally referred to as APR. (annual percentage rate) .If you are entering into a finance transaction you should know what apr your are paying.

Based on todays bank rates you shoud never pay more than10% .The higher the loan amount the more relevant the annual percentage rate is.

Check what the documentation fee is .It can vary from €50 to €120 depending on the lender