A representative APR can be used to compare lenders against each other. When a loan is advertised with a representative APR, it means that at least 51% of customers receive a rate that is the same as or lower than this representative APR.
The APR you receive will be based on your credit score. This can be the same, lower or higher than the representative APR and your APR may not be the same rate that is offered to someone else. This is due to your individual financial circumstances.
We are unable to tell you exactly what your APR will be until you apply. However, the representative APR is used to give you a guide of what it is likely to be.
To learn more about what APRs mean, why not read our article that explains more about APR and what it means?
Representative example: £10,960 repayable over 57 months. 56 monthly payments of £352.70. Representative 31.9% APR. Total amount payable is £19,751.20. Subject to affordability and you could risk losing your vehicle if you do not keep up payments.