Ask Question
BusinessBusiness
4 March, 17:33

Why would a higher credit score yield a

lower interest rate for an auto loan?

+2
Answers (1)
  1. 4 March, 19:49
    0
    Credit score gives a certificate of a person that whether the person who is taking a loan will able to repay back it or not and car is not a necessary commodity it is a luxurious commodity for some people and vice versa thus a good credit scores will fetch you lower interest rate as a reward to you.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why would a higher credit score yield a lower interest rate for an auto loan? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Investment scams most often include: a. Worthless investments or assets sold to unsuspecting investors. b. Nonpayment of invoices for goods purchased by customers. c. An action by top management against employees. d.
Answers (1)
1. ABC Inc. showed the following operating budget for the next year. Sales $2,100,000 Fixed cost $650,000 Total variable cost 350,000 Total cost 1,000,000 Net Income $1,100,000 Answer the following questions: Keep 8 decimal places for the
Answers (1)
You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.2 percent to 7.7 percent, the fair present value rose from $950 to $970. The bond pays interest annually.
Answers (1)
The two main characteristics of a public good are A. production at constant marginal cost and rising demand. B. nonexcludability and production at rising marginal cost. C. nonrivalry and nonexcludability. D.
Answers (1)
A lawsuit claiming liability of a manufacturer, seller, or supplier to a buyer or other third party for injuries sustained because of a defect in a product is deemed what type of lawsuit?
Answers (1)
New Questions in Business
How are business entrepreneurs and social entrepreneurs different?
Answers (2)
Paul and Simone both work for the same accounting firm. Paul is married and has two kids and takes three allowances on his W-4 form. Simone is single and does not have any children, so she takes one allowance on her W-4.
Answers (1)
Super Sports, a large sporting goods chain based in Australia, wants to open a store in Norway. With stores around the world, Super Sports executives realize that legal systems vary from country to country.
Answers (1)
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 balance of Accounts Payable was $59,900, determine the account balance on February 1.
Answers (1)
The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.
Answers (1)
Home » Business » Why would a higher credit score yield a lower interest rate for an auto loan?
Sign Up Forgot Password?