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Family and Consumer Sciences

Live Smart Ohio

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APR

March 29, 2017

Spring Is In The Air And On The Car Lot

You may well have gotten through this mild winter without damaging your car by sliding into a guardrail, or cracking your axle in a pothole.  Even so, like many Americans, you may be ready to make a new car purchase. If so, you’d be wise to do your homework before you visit the car dealerships, […]

WRITTEN BY: Kathy Michelich, Family and Consumer Sciences Educator, Warren County, Ohio

REVIEWED BY: Amanda Woods, Healthy Finances Program Specialist OSU Extension Family & Consumer Sciences

SOURCES:

  • “What is the difference between an interest rate and the Annual Percentage Rate (APR) in an auto loan.” Consumer Financial Protection Bureau. 2017
  • “Can I prepay my loan at any time without penalty?” Consumer Financial Protection Bureau. 2017
  • “Comparing Auto Loans - CFPB Auto Loan Shopping Sheet,” Consumer Financial Protection Bureau. 2017

Categories: Money
Tags: APR, auto loan, car purchase, loans, negotiable, prepayment penalty

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