New Car Finance Rates VS. Rate Used finances?

New Car Finance Rates VS. Rate Used finances?
What is the reason behind the decision of the banks, interest rates higher for used cars vs. new cars? This is a secured loan anyway. I always thought that the higher interest rate protects the bank if u have bad credit because the risk is higher, which I fully understand … but what is the age of a car or mileage have to do with interest rates? The risk will have by the value of protected prêt.J been quoted 8.45% for 2006-2007 vehicle of any kind, or 9.39% for 2005 or below. That was before the prospective owner of the link to know what was going to get. It had nothing with the will of the concession.

Rhsaunders response to do
In fact, they are the same. Deals, where you can buy a new car for a nominal or no interest are always the alternative of a cash rebate instead. The waiver of the cash back for a lower interest rate is simply an advance payment or cheap buy, real interest rates. The only way to be sure what happened to compare the conditions of a financial calculator like HP-12C.