05-05-06, 08:05 AM
|
#6
|
|
The Sick Man
Mega Poster
Join Date: Nov 2004
Location: Peckham.SE.LDN
Posts: 4,768
|
Quote:
|
Originally Posted by Need2BuyAnSV650S
I'm not sure how to work out APR but £736 is 147.2% of the £500 you'll have borrowed in the first place! That seems extremely high too   |
Yep the APR is a calculation of precentage over the year and his loan is over 23 weeks. You calculation is over the small time, but if you extended it over the year it would be more for the same amount.
APR is a rough guide along with AER to compare with other loans. Im not 100% the diff but they are comparable.
__________________
OTR: KTM 690 Duke R 2015 Full Akro
SIDELINE: Kwak ZX636 A1P 2002, Red, R&G's, Yoshi, Double Bubble Screen
GONE: Kwak ZX-7R P1, Full Akro, Undertray, Screen
GONE: SV650S K2 Very Bruised & Without Fairing, Motovation Frame Sliders, R&G Ally Sprocket Toe Protector, HEL 2 Line Setup, GSXR K1 600 RWU Forks, Barnett Clutch & Springs, Penske 8981 Shock, Gilles Ti Rearsets, Steel Barends, Scottoiler, AFAM Chain & Sprockets, Twin FIAMM Horns, Skidmarx Bellypan, Full Micron Zeta Steel System, Cut down undertay.
Forum Problems & Information / Site Suggestions
|
|
|