Taxi Driver Online :: View topic - How do you calculate an APR?

Had the chance (ha!) of borrowing £6000 over 36 monts at £292/month total repayable ....£10500

I wasnt impressed, Halifax (£6000) is £185/month over 36 months = £6689 rep[ayable

heck of a difference!

wannabeeahack wrote:

If you google it there are lots of online calculators you just put the figures in and it works it out the actual furmula is quite complicated but if you know it you can set it up on a spreadsheet but why bother when someone has already put free calculators online

£6000 over 36 monts

Quote:

£6000 over 36 monts

If that was from a " Klingon" calendar - then it may have been cheaper :roll:

Moths, I aint paying 40% APR!

Quote:

Moths, I aint paying 40% APR!

Apparently that one is pretty cheap - never much money involved at all on that one :wink:

Author:	wannabeeahack [ Thu Sep 26, 2013 11:07 am ]
Post subject:	How do you calculate an APR?
Had the chance (ha!) of borrowing £6000 over 36 monts at £292/month total repayable ....£10500 I wasnt impressed, Halifax (£6000) is £185/month over 36 months = £6689 rep[ayable heck of a difference!

Author:	edders23 [ Thu Sep 26, 2013 11:10 am ]
Post subject:	Re: How do you calculate an APR?
wannabeeahack wrote: Had the chance (ha!) of borrowing £6000 over 36 monts at £292/month total repayable ....£10500 I wasnt impressed, Halifax (£6000) is £185/month over 36 months = £6689 rep[ayable heck of a difference! If you google it there are lots of online calculators you just put the figures in and it works it out the actual furmula is quite complicated but if you know it you can set it up on a spreadsheet but why bother when someone has already put free calculators online

Author:	wannabeeahack [ Thu Sep 26, 2013 11:43 am ]
Post subject:	Re: How do you calculate an APR?
edders23 wrote: wannabeeahack wrote: Had the chance (ha!) of borrowing £6000 over 36 monts at £292/month total repayable ....£10500 I wasnt impressed, Halifax (£6000) is £185/month over 36 months = £6689 rep[ayable heck of a difference! If you google it there are lots of online calculators you just put the figures in and it works it out the actual furmula is quite complicated but if you know it you can set it up on a spreadsheet but why bother when someone has already put free calculators online 41% Halifax was 7%

Author:	cabby john [ Thu Sep 26, 2013 1:06 pm ]
Post subject:	Re: How do you calculate an APR?
Quote: £6000 over 36 monts If that was from a " Klingon" calendar - then it may have been cheaper

Author:	bloodnock [ Thu Sep 26, 2013 2:22 pm ]
Post subject:	Re: How do you calculate an APR?
http://www.online-calculators.co.uk/interest/

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Author:	wannabeeahack [ Thu Sep 26, 2013 2:28 pm ]
Post subject:	Re: How do you calculate an APR?
cabby john wrote: Quote: £6000 over 36 monts If that was from a " Klingon" calendar - then it may have been cheaper Months, Monts or Moths, I aint paying 40% APR!

Author:	cabby john [ Thu Sep 26, 2013 4:04 pm ]
Post subject:	Re: How do you calculate an APR?
Quote: Moths, I aint paying 40% APR! Apparently that one is pretty cheap - never much money involved at all on that one

Author:	wannabeeahack [ Thu Sep 26, 2013 6:18 pm ]
Post subject:	Re: How do you calculate an APR?
cabby john wrote: Quote: Moths, I aint paying 40% APR! Apparently that one is pretty cheap - never much money involved at all on that one 40% is credit card territory not £6K loans

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