Figuring Out Auto Finance Terms and What They Mean for You
When you are shopping for a new vehicle, you have to know what the various finance terms that come your way actually mean. Byers Kia of Lewis Center can help you learn about those terms.
Depreciation is a word that is used when talking about the way that the value of a car will diminish over time. APR stands for Annual Percentage Rate, and this is used to refer to the amount of interest that you are going to be paying each year. A cosigner is someone who joins in the responsibility of paying for the vehicle that you are purchasing, agreeing to pay for that vehicle if you are unable to do that.
We want you to be smart when it comes to auto finance. Trust our team to not only help you with your finance needs but also help you learn through the process before you. Come by our Lewis Center location to receive good help.