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 Car loan interest Rate in 2010, what is the current rate??

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pednekarpm
post Mar 23 2010, 01:14 PM

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QUOTE(duckaton @ Jan 13 2010, 12:29 AM)
Any reason why? ohmy.gif

Is it bcos the depreciation value higher.
or the assumption that default will be lower for national car buyer?
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Only due to depreciation. See if a person defaults his payment then selling a Honda is easier for the bank than a Proton. So after one year also bank can sell the car for more than the outstanding.

 

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