QuestionMay 30, 2025

When applying for an auto loan, which of the following will dramatically affect your annual percentage rate (APR)? your chosen car type your intellectual abilities your credit score

When applying for an auto loan, which of the following will dramatically affect your annual percentage rate (APR)? your chosen car type your intellectual abilities your credit score
When applying for an auto loan, which of the
following will dramatically affect your annual
percentage rate (APR)?
your chosen car type
your intellectual abilities
your credit score

Solution
4.3(281 votes)

Answer

your credit score Explanation 1. Identify Factors Affecting APR The annual percentage rate (APR) is primarily influenced by the borrower's creditworthiness. 2. Determine Key Factor Credit score is a key indicator of creditworthiness and dramatically affects the APR.

Explanation

1. Identify Factors Affecting APR<br /> The annual percentage rate (APR) is primarily influenced by the borrower's creditworthiness.<br />2. Determine Key Factor<br /> Credit score is a key indicator of creditworthiness and dramatically affects the APR.
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