Car Examer

NOVEMBER 2, 2024

Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. APR (Annual Percentage Rate) APR is the interest rate on any car financing, shown as an annual percentage. APR includes both the interest rate and any fees, giving you the true cost of borrowing.

Balloon Payment 59

Balloon Payment Term Mileage Limit Gap Insurance 59

Full Path

MAY 22, 2025

And the pressure does not stop at the sale Todays car buyers are facing it on every front: Auto loan rates are still higheven prime buyers are seeing 6.40% APR on new cars, while subprime buyers are facing over 13% as per Experian. Routine maintenance and repairs now cost 13% 16% more, due to labor shortages and pricier parts.

Lease Payment 52

Lease Payment Dealerships Repairing APR 52

Shawn Ryder

FEBRUARY 7, 2024

When you’re dealing with car dealerships, whether buying a new car or getting service on your existing vehicle, you might encounter several terms that aren’t immediately clear. APR (Annual Percentage Rate) The annual rate charged for borrowing or earned through an investment. Doc fees vary by state and dealership.

Gap Insurance 40

Gap Insurance Term Extended Warranty Insurance 40