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    pixiegurl's Avatar
    pixiegurl Posts: 54, Reputation: 4
    Junior Member
    		  
    #1

    May 24, 2009, 12:17 AM
    Comparison Rates
    I have been shoppping around to find a bank to get the best car loan I can, but they all keep telling me about their comparison rates and I still don't understand what this is and what it means to me! Can anybody clarify this for me and explain exactly what it is?

    Thank you!
    laiyapchen's Avatar
    laiyapchen Posts: 1, Reputation: 1
    New Member
    		  
    #2

    May 29, 2009, 01:11 PM
    You didn't tell me your country of residence. Different countries use a different method of calculating the interest to be repaid.

    If you are in the USA, then you may try to compare different rates at this site:
    Auto Loan and Car Finance Calculator

    If you are from Malaysia, then you may try this site:
    Malaysia Car Loan Calculator Meshio.com- a Malaysia Personal Finance Blog

    LYC, Malaysia.
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