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Chapter 9
Loan To Own
You Will Know
Lending Terms
The Four Cs
Annual Percentage Rate (APR) Table
Car Loans vs. Leases
Obtaining a Car Loan
Title Loans
Unsecured installment Loan Benefits
Relationships Are Important
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10
Annual Percentage Rate
(APR) Table
The cost of a $5,000 loan over 5 years
APR
Monthly
Payments
Total Cost
10%
$106.24
$6,374.40
11%
$108.71
$6,522.60
12%
$111.22
$6,673.20
13%
$113.77
$6,826.20
14%
$116.34
$6,980.40
15%
$118.95
$7,137.00
16%
$121.59
$7,295.40
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