<prompt> Human: Hello all, Trying to buy a car and I was given different loan options from 3 companies. Just hoping someone can save me from spending what could amount to hundreds of extra dollars over time.Im financially stable so not too worried about payments, but Id like to keep them relatively low to keep my and my daughters quality of life a little fun. I finally talked myself out of a 40k vehicle so here is the break down:-2016 Toyota Camery certified pre owned- Full price 21,270Loan A: 19,980.00 3.74 72 months I can put down the 300 extra, no concern thereLoan B: 3.89 over 84 months for the full mountLoan C from my own bank: amount up to 23k at 11.80 APR for 72 months. First question, what is the difference between interest and APR? I know loans A and B will have no penalty if I pay off the loan early, is that what makes it different from APR? Thanks for any insight!Update: Im pretty fearful of spending money so I was nervous to put some money down on the car but my savings account has a decent nest egg in it so Im deciding to put down about 4-5000 and get a 48 month loan. Hopefully the companies that are already offering me loans will adjust interest accordingly. Again, I cant thanks everyone enough for the insight!  <response>: 84 months for a vehicle is kind of insane. That length of loan wasnt even offered a few years ago.This forum is going to tell you to buy a cheaper car if you cant afford to pay it off faster than 72 months. 