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What is the difference between fixed- and variable-rate auto financing?

Fixed-rate financing means the interest rate on your loan does not change over the life of your loan. Variable-rate financing is where the interest rate on your loan can change, based on the prime rate or another rate called an ...

What is the difference between a fixed APR and a variable APR?

The difference between a fixed APR and a variable APR, is that a fixed APR does not fluctuate with changes to an index. A variable-rate APR, or variable APR, changes with the index interest rate. None A fixed-rate APR or ...