REVscene Automotive Forum - View Single Post - Need advice on interest rates buying a used car from dealership

Urrtoast · 08-24-2016, 07:12 PM

The interest rate of a Dealerships New car will always be lower then a used car of the lot.
I'm pretty sure the financing is second party thus the higher rates.
You age, credit risk, and residency will also play a big part in this as well.

08-24-2016, 07:12 PM	#27
Urrtoast Need my Daily Fix of RS Join Date: Nov 2014 Location: Burnaby Posts: 276 Thanked 247 Times in 90 Posts Failed 42 Times in 16 Posts	The interest rate of a Dealerships New car will always be lower then a used car of the lot. I'm pretty sure the financing is second party thus the higher rates. You age, credit risk, and residency will also play a big part in this as well.