What does the interest rate mean when buying a car
Annual Percentage Rate (APR): Also called a finance rate, this is the interest rate on a loan; Buyout Price: The price of buying a car at the end of the lease term. If you think you might buy Here’s what those deals mean: Cash rebate: The car manufacturer gives you a one-time rebate usually deducted from your car’s purchase price. Rebate amounts vary, but they usually range from $1,000 to $3,000. Low interest rate: The dealer offers an interest rate on a loan that is lower than the normal rates offered.