When you're looking at car finance, you'll often see two types of APR: representative and personal. It's important to know the difference so you can make the best decision. Representative APR:
This is the rate lenders advertise to grab your attention. It’s what you’ll see in ads and on websites, but it’s not necessarily the rate you’ll get.
Personal APR:
This is the rate you’ll actually be offered, based on your individual situation. It takes into account things like your credit history and financial details. Your personal APR might be higher or lower than the representative rate, depending on how the lender views your creditworthiness.