2006-10-16 05:25:05 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I mean in interest.
2006-10-16 05:26:25 · update #1
Yes, car loan has less interest then a personal loan. Why? Because a personal loan doesn't have collateral.
2006-10-16 05:28:37 · answer #1 · answered by Texan 6 · 0⤊ 0⤋
1
2016-09-27 20:46:54 · answer #2 · answered by ? 3 · 0⤊ 0⤋
2
2016-09-28 21:07:35 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Basically
for
Auto Loan 12 - 15 %
and
Personal loan 16 - 18%
2006-10-16 05:29:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, auto loans are currently 5-6% and personal loans are 8-11% depending on you credit and the state you live in.
48 month new car loan 5.49% 6.94% 12.50%
36 month used car loan 6.25% 7.79% 15.00%
Personal loan rates: National Averages: Low - 7.25% Average - 13.04% High - 21.00%
2006-10-16 05:28:08 · answer #5 · answered by Joe S 6 · 0⤊ 0⤋
car loan means more of luxury and personal loan is for basic needs, so auto loans always have high intrest rates
2006-10-16 05:58:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It all depends on your credit, usually a car loan is higher, but not if you have great credit .
2006-10-16 05:27:36 · answer #7 · answered by ub4me 1 · 0⤊ 1⤋