The comparison rate, or true rate, is the interest rate plus certain fees and charges related to the finance. This is can be more useful than the standard interest rate when comparing lenders.
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A lump sum owed to the financier at the end of a loan's term,
expressed either as a dollar value or a percentage of the amount borrowed. If you are unsure whether
you require a residual, leave this value as 0%.
Disclaimer: While we make every attempt to give you the best possible tools and information, Stratton Finance Pty Ltd, its agents, employees and accredited lenders will accept no responsibility for any loss that may arise.
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Original URL: http://www.strattonfinance.com.au/car-finance/calculators-tools/comparison-interest-rate-calculator.aspx
stratton offers finance and insurance for cars, properties, equipment and more. Visit us online at http://www.strattonfinance.com.au, or call 1300 STRATTON (1300 787 288).