Sentences with phrase «subprime auto loans tend»

That's because subprime auto loans tend to have very high interest rates and may also come with additional fees, making them significantly more expensive over the long term than the loan you could potentially obtain with better credit.

Subprime auto loans tend to have higher interest rates than conventional auto loans, and if a borrower is unable to repay the loan, the lender will repossess the car and sell it.