So i have applied with 2 banks for a car loan $30000
Bank a said the repayments will be $236 fortnight at rate of 8.93%
Bank b said payments of 239 fortnight at 8.45%
How can bank b be a lower interest rate but repayments are higher???
Im confused. The car yard is offering bank a offer so im scared tp trust them and both say it includes all fees
Can someone explain this to me? Thanks crap