Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is RAC Finance a fixed or variable interest rate loan?

April 26, 2017Finance fixed Interest rate loan RAC

0

10 Posted

Is RAC Finance a fixed or variable interest rate loan?

2 Answers

0

10 Posted

RAC Finance interest rates are fixed for the term of the loan. Fixed interest rates have the benefit of fixed monthly repayments.

0

Webb Rowan Posted

RAC Financing is a fixed loan instrument. That means that the interest rate and hence your monthly payments are set at a certain amount and it’s easier for you to manage your budgeting when you look at financing for the new car you’re about to purchase.