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As you're less likely to crash a house, maybe he could get a better rate?
by dllthomas 9y ago
As you're less likely to crash a house, maybe he could get a better rate?
- nradov 9y agoIf you have a decent credit rating then a new car loan will typically have a lower interest rate than a home mortgage. Car manufacturer captive lenders subsidize the rates to increase sales. And most consumers will default on their car loan last because they need the car to get to work. If you're desperate you can always sleep in your car but you can't drive your house.