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Business, 16.04.2021 20:40 gabriellabadon2

What is the leading factor that causes loan rates for a 7-year car loan to be higher than 5-year car loan rates? The loan is riskier because it is for a longer period of time. The credit score of the borrower. The car depreciates. Resale value of the car is higher after five years.

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What is the leading factor that causes loan rates for a 7-year car loan to be higher than 5-year car...
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