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What is the difference between APR and Interest Rate on a Car Loan?

April 26, 2017Apr buying car loan cars Interest rate Selling Transportation

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What is the difference between APR and Interest Rate on a Car Loan?

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Absolutely nothing. They’re both ways of describing the same thing: the interest rate on the loan. APR stands for Annual Percentage Rate, which is the interest rate on the loan. So APR = Interest Rate.