Whether your used car loan has a high interest rate depends on who you talk to or ask. Although, yes, used car loans have medium to high interest rates.
The interest on used car loans are definitely higher than new car loans.The rate is higher because the car is usually not bought from a car sales house
The interest rates depend on the the amount of the loans and the amount of time you are given to repay the loan. There are some jurisdictions that limit the annual percentage rate, it all depends on...
There is a wide variety of interest rates on car loans out there. The interest rate will depend on wither it is a new or used car and if you get the loan from a bank or a credit union. The average...
ASDA loans are divided into two categories based on the amount borrowed. These categories are Little Loans and Personal Loans. The average interest rate is about 8% which is not bad but interest...
The difference between rates for used and new car loans can be large. One must consider the value of the vehicle and personal credit score as to which value would be best.