4 ms·
Isn't the European version of the APR exactly designed to overcome that problem? (It's mandatory for every loan in the European Union) https://en.m.wikipedia.or
by Twisell 9y ago
Isn't the European version of the APR exactly designed to overcome that problem? (It's mandatory for every loan in the European Union)
https://en.m.wikipedia.org/wiki/Annual_percentage_rate https://en.m.wikipedia.org/wiki/Annual_percentage_rate
- alkonaut 9y agoIt's very good for the loan part of the equation, but it's still often hard to compare lease plans when the depreciation etc is factored in. After all, some kind of unknown valuation of the condition of the car will happen after N years and it's nearly impossible to know beforehand what cost that will incur.