Why is the interest rate for used cars higher than for new cars?



new-car used-car car monthly-installment-plan interest-rate

I'm looking for a new car, used car,   lump-sum payment, installment plan, etc. to buy a car.

Why is the interest rate for used cars higher than for new cars?


3985 2017-07-23 Gentleman

A. 1

I heard that used cars have higher interest rates because the price of used cars falls faster than new ones


Gentleman 7 years ago 0

A. 2

In the case of new cars, isn't it because the automobile company connected such financial products?


Gentleman 7 years ago 0


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