New car loans generally have lower interest rates because new cars are worth more than older cars.
Not exact matches
The average interest rates on auto
loans for used
cars are
generally higher than for
loans on
new models.
It too has an adverse impact on your credit score because an inquiry
generally means you are expected to be taking on
new debt, such as a home, a
car, or a
loan to help overcome a financial setback.
Cheap
loans for bad credit may be used for a selection of purposes which
generally contain home improvements, buying a brand
new car, savoring a long holiday tour, and wedding or for debt consolidation.