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A to Z of car finance terms

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Finance terms beginning with A

Adverse Credit
Adverse credit refers to a person who has a less than perfect credit rating due to missed payments, CCJs, etc. When it comes to applying for car finance, this can affect your chances of getting a low-rate loan.

APR
Annual Percentage Rate (APR) is the way in which to calculate the cost of the loan each year. The APR represents the total amount charged for credit.


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