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Why are automobile loan rates higher than mortgage rates?

Bethany Evans

in Student Loans

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James Washington on December 7, 2019

\n. \n Loan Rates \n. \nCar loans are riskier than home loans. The car loses value from the very first day, is in danger of collision and theft and has a limited useful life. In addition, the vehicle can "disappear" in a hurry, leaving the lender holding the bag. The houses are not mobile, real estate traditionally increases in value and the loan over a much longer period of time.


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