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      07-11-2011, 04:31 PM   #20
phil3103
Private First Class
 
Drives: E90
Join Date: May 2011
Location: Sussex

Posts: 194
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Yes they will have to tell you the APR but it's like getting blood out of a stone.

The rates they quote and the figures all abide by the legislation. It's just a weird way of calculating it but in the main it's because of the balloon payments on PCP that just makes it easier to deal in flat rates and then APR it up at the end for comparison purposes.
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