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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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What apr is good for a new car?

Hello, is 21.41% APR a good lend on £10,887.00? I'm not sure how it all works and if there is actually a going rate?

Posted by Leon on


Hi Leon, the going finance rate for a new or used car really depends upon your credit history. 21%APR is a fair rate i'd say so if you have a good credit history you should be able to get better. Where have you been approved for car finance and what is your credit history like? Do you have a deposit to place into the deal? Regards, Edwin

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