Ford is among the top brands in the automotive market. Its vehicle collection includes legendary, classic models like the Ford F-150 and new faces like the Ford EcoSport. Here at Lawrence Hall Ford, we proudly host the most extensive inventory of used Ford models, including trucks, SUVs, and sedans. These vehicles have multiple offerings, as they have different trims and model years. To take control of an affordable Ford vehicle, we invite you to browse our used inventory and locate your perfect match.
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How does your APR affect your monthly car payments?
When you get a car loan, you will probably hear about two key numbers: The interest rate and the APR, or Annual Percentage Rate. The interest rate is the lower number. It’s the annual cost of borrowing money – the interest you’re paying the lender for the privilege of borrowing money. But the interest rate doesn’t include fees and other costs. The APR is the higher number and it reflects the total cost of borrowing, including interest.
The higher the APR, the higher your monthly payments
That’s pretty obvious but that’s how it works. Remember the…