[totoseow]

i am assuming u r a foreigner....this has been the practise since i can remember. APR is also known as effect interest rate. car loans here r not like mortgage...which is call monthly reducing.

what i m gonna say may offend some people, but i firmly believe that if u hv to take a loan to buy a car..u cant afford it. there is only 1 exception; that is when u r convinced that u can beat the effective interest rate or APR. how many of you can say that?