---
id: faq-0020
title: "How is the APR (interest rate) determined?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.genesisofdownersgrove.com"
tags: ["financing", "apr", "rate"]
questions:
  - "How is my interest rate set?"
  - "What factors affect APR?"
  - "Why do different people get different rates?"
related: [financing-basics, credit-score-guide, approval-process]
dealer: Genesis of Downers Grove
---

Your APR depends on several factors: your credit score, the loan term length (how many months you finance), the lender you're matched with, current market rates, and the vehicle's value. Stronger credit and shorter loan terms typically get lower rates.

Our finance team gets you in touch with lenders who'll give you their best rate based on your profile. We'll compare options so you see exactly what you qualify for. Rates change daily, so **call (630) 598-9950** for your personalized quote and to discuss ways to qualify for a better rate-like a larger down payment or shorter term.