SV650.org - SV650 & Gladius 650 Forum



Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick).
There's also a "U" rating so please respect this. Newbies can also say "hello" here too.

Reply
 
Thread Tools
Old 04-05-06, 11:51 PM   #1
Gnan
Guest
 
Posts: n/a
Default the worlds highest APR loan :D

definitely worth a look if you need a new bike on finance

  Reply With Quote
Old 04-05-06, 11:54 PM   #2
OF.uk
Guest
 
Posts: n/a
Default

497.4%
  Reply With Quote
Old 04-05-06, 11:54 PM   #3
northwind
Moderator
Mega Poster
 
northwind's Avatar
 
Join Date: Jan 2004
Location: In the garage where I belong
Posts: 17,082
Default

That's... a little high. Short terms always go ridiculous because the admin fees are incorporated into the APR, but still. Makes Ocean Finance look positively ethical
__________________
"We are the angry mob,
we read the papers every day
We like what we like, we hate what we hate
But we're oh so easily swayed"
northwind is offline   Reply With Quote
Old 05-05-06, 12:35 AM   #4
Black Rider
Guest
 
Posts: n/a
Default

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
  Reply With Quote
Old 05-05-06, 04:14 AM   #5
scooby2102
Guest
 
Posts: n/a
Default

Ah, the "Provvy Man" cometh
  Reply With Quote
Old 05-05-06, 08:05 AM   #6
TSM
The Sick Man
Mega Poster
 
TSM's Avatar
 
Join Date: Nov 2004
Location: Peckham.SE.LDN
Posts: 4,768
Default

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
TSM is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Barclays needed a loan Ed Idle Banter 6 31-08-07 11:06 AM
You and your (loan) bike Demonz Photos 29 24-04-07 01:41 PM
The Worlds gone mad! DanDare Idle Banter 7 10-06-06 12:20 AM
Whos got the highest mileage SV?> Bladerider13 SV Talk, Tuning & Tweaking 46 15-01-05 12:12 AM


All times are GMT. The time now is 06:52 AM.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.