Quote:
Originally Posted by NFS
The fact that a loan is calculated based on an APR doesn't make the interest any more or less 'front loaded'. With a BMW loan the early settlement criteria will be identical no matter if the rate is quoted as flat or APR.
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We are looking at two different things here though, type of deal and type of interest rate, a falt rate will always be front loaded by its very nature
Rate agreed x amount borrowed x years borrowed over = amount repayable.
A lease deal with it not being front loaded can only ever be done with apr.
So as you say above, look into the figures and terms before you sign away and don't listen to what the sales guy tells you as they do lie to get you to sign, so get it in writing.
