You are thinking of buying an automobile and plan to borrow money from a financial institution to

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You are thinking of buying an automobile and plan to borrow money from a financial institution to help you pay cash for the purchase. Is there a limit on how much interest a lender can charge you? Suppose you decide to rely on dealer financing, paying the dealer or finance company a series of monthly installments. Is there any limit on the annual percentage rate (APR) of the financing charge the seller may add to the price of the car?

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