Quote:
Originally Posted by gIzzE
Now if BMW give you a flat rate on a lease purchase too (they weren't last year it was apr).
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Flat Rate is just a way of expressing interest. You can quote any loan in terms of it's Flat Rate or APR. It's like quoting a distance in metres or feet.
Same concept - different units.
http://www.moneysavingexpert.com/loa...te-loan-danger
It doesn't make any difference to the early settlement costs if a loan is quoted in terms of the 'flat rate' or the 'APR'.