Term: Annual Percentage Rates (APRs)
4 found

People Are Paying More Than Ever for Their Car Loans

By Steven Shaw on 6/10/2014

People Are Paying More Than Ever for Their Car Loans

The average monthly payment for a new car was $474 in the first quarter, the highest it’s ever been since Experian Automotive started publicly reporting the data in 2006. The average new auto loan term has also increased to a new high of 66 months.

Annual Percentage Rates (APRs)
APR
Car Lease
Car Loan
car loans

Are You Getting the Best Rate on Your Car Loan?

By Steven Shaw on 11/19/2013

Car dealers and auto loans

It’s no secret that car dealers rely on the lending community — banks and-auto industry-owned finance companies — to help close sales. What’s less well-known is how they benefit from these relationships.

Many lenders allow the auto dealerships with which they partner to negotiate and document loans on their behalf. Some even let them increase the base interest rates, which can substantially enhance the dealer’s already profitable sale. Here’s how.

Annual Percentage Rates (APRs)
APR
Car Loan
car loans

8 Key Facts About Your Mortgage APR

By Steven Shaw on 5/22/2013

8 Key Facts About Your Mortgage APR

Securing a mortgage today requires careful consideration of all the figures associated with the transaction. The biggest figures most homebuyers pay attention to include loan amount, interest rate, closing costs and the one most benign to consumers, the annual percentage rate (APR for short), which is a disclosure item required in loan advertisements and loan disclosures.

Annual Percentage Rates (APRs)
APR
Mortgage

Did Your Credit Card APR Change? Don’t Freak Out

By Steven Shaw on 12/14/2012

Credit Card APR

The message on the notice from her credit card company read, “We are pleased to tell you that we have lowered the following Annual Percentage Rates (APRs) on your account. Purchases: Prime + 11.74%, currently 14.99%V.” Immediately, my colleague who received the notice assumed her card issuer was trying to pull a fast one on her, by changing her credit card rate from a fixed to variable rate.

While we have no idea when or how quickly rates will climb, cardholders can take advantage of today’s low rates to aggressively pay down debt so that, like my colleague, they don’t have to worry about the rate they’ll pay. After all, 0% is always a good deal!
Credit.com (http://s.tt/1wVKr)

 

Annual Percentage Rates (APRs)
CARD Act
credit
credit cards
credit scores