APR do you really understand it?
Discussion
TheHound said:
I agree APR can be very misleading and don't think it is a good way to "sell" credit. Maybe its just because I'm good at numbers but I would much rather see the flat rate and work the costs out from that.
Absolutely. It amazes me that people will look at a loan over 5year borrowing £20000 and compare it with an APR for borrowing the same amount over ten years with a higher rate of interest and still believe they are getting a better deal.Gassing Station | Finance | Top of Page | What's New | My Stuff