Looking for a car loan might sometimes feel like an endless search. With so many options, it can be difficult to narrow down what the best option is for you.
One major aspect to consider is the APR, and finding a good APR can be the key to finding the right car loan. Having a short loan with the lowest APR you can find typically comes with the best financial benefits. You can pay the loan off quickly and accumulate less interest, which will cost you less money overall.
What is APR, anyway?
APR is the Annual Percentage Rate on a loan. It includes the interest rate and any other fees you pay to finance a car each year. The interest rate does not include the fees charged for the loan, but the APR does, making it a measure that encompasses the total cost of borrowing money each year. Continue reading “Wells fargo car loans for college students”