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| *Loan,banking and credit>>>auto loan |
It's there a big difference in percentage between auto loan and personal loan? |
It's there a big difference in percentage between auto loan and personal loan? Yes, car loan has less interest then a personal loan. Why? Because a personal loan doesn't have collateral. It all depends on your credit, usually a car loan is higher, but not if you have great credit . Yes, auto loans are currently 5-6% and personal loans are 8-11% depending on you credit and the state you live in. 48 month new car loan 5.49% 6.94% 12.50% 36 month used car loan 6.25% 7.79% 15.00% Personal loan rates: National Averages: Low - 7.25% Average - 13.04% High - 21.00% Basically for Auto Loan 12 - 15 % and Personal loan 16 - 18% car loan means more of luxury and personal loan is for basic needs, so auto loans always have high intrest rates http://www.getmaxloan.com/auto-loans.htm... |
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