The representative APR is used to explain the cost of borrowing money and can make it easier to compare different loans.
When a car loan is advertised with a representative APR this indicates that at least 51% of borrowers will receive a rate that is equal to, or lower than, this rate.
There’s no guarantee that the representative APR will be the same as your actual APR; depending on your individual circumstances, you could make up part of the 49% who receive a higher interest rate instead.
Your exact APRs will usually be dependent on your individual financial situation and credit score. Typically, you’ll only find this out once you’ve made a car finance application and undergone a hard credit check, which may affect your score.