What is the APR?
The Annual Percentage Rate (APR) is a standardised way of expressing the total cost of a financing deal, so that you can compare all of the options like-for-like.
All lenders have to tell you their APR before you sign any credit agreement, and you're guaranteed that an 8.0% APR loan will always be cheaper than a 9.9% APR deal.
APR factors in additional costs, such as fixed sign-up or exit fees, but it doesn't allow for flexible costs, such as payment protection or fees for late payment.
Pay your deposit with a credit card
Section 75 of the Consumer Credit Act offers protection to buyers if they pay by creditshares the liability with the seller, and you're in a stronger position to obtain a refund.
