Annual Percentage Rate (APR)

The total annual cost of taking out a loan is expressed as an annual percentage rate (APR).

The annual percentage rate (APR) is a tally of all the expenses associated with extending credit. It’s common to see a greater APR when comparing your APR to your interest rate (the lender’s cost of credit). Since credit-extension fees are taken into account, this is the case.


Start rounding up and saving to pay down your car loan faster