Auto Finance Terms to Learn Before Your Next Purchase

An informed car buyer usually gets the greatest possible value out of their car. This is true when they are both informed about the way their vehicle works as well as how vehicle financing works. That is why we here at Charbonneau Chrysler Center want to be sure that you understand some of the basic jargon associated with vehicle financing.

First, the term "Cosigners" refers to someone who will vouch for you to get and pay off a car loan. This is usually someone who is willing to make payments if you are unable to. Additionally, Annual Percentage Rate (APR), is the amount of interest you will be charged on the total balance of your car loan each year.

If you have any more financing questions or are looking to finance a new or used vehicle, then feel free to stop on by to see us at Charbonneau Chrysler Center today!

 

 

Categories: Finance
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