Get a Quote for a Vehicle at Quality Chevrolet GMC of Englewood by Paramus NJ
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What Does MSRP Stand For?
MSRP, or "manufacturer's suggested retail price," is just that: suggested. In many cases, you can purchase a vehicle below the MSRP. On the other hand, there are also instances, as when a vehicle is new or has a lot of buzz surrounding it, when MSRP will be the final price for a specific vehicle. What Does APR Financing Mean? APR means "annual percentage rate," and it is the overall loan percentage rate adding in fees and other costs that will increase the amount of your monthly payments. That is why it is good to know more than only your strict interest rate. What is the Average Interest Rate On Car Loans? The interest rate you get on a car loan can vary a lot. A good interest rate could be between 4 and 5%. However some auto loans for people with bad credit charge up to 10 or even 13% interest.