So I am doing a project on auto loans and I dont understand these questions:
1) Why are auto loans rates differ between new and used cars?
2)What are different lenghts of auto loans and why are the duration of loans different on new and used cars?
Please Help. Thanks a TON!
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.fateback.com