Is it a fixed or variable interest rate?

A fixed interest rate means the repayments stay the same for the term of your loan. A variable rate means the repayments will change with a rate change. To choose what suits you best, consider your budget, current interest rates and whether you would be able to handle increased repayments on a variable loan, if the interest rate was to rise. RAC Finance offer fixed rate car loans which means your interest rate and repayments will stay the same for the term of the loan.
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