Yes this could sometimes be true, its good to check around for the best rate but also when you go to finance if you put down a larger payment up front this can usually get you a lower finance rate.
It depends on your credit rating. If you have an excellent credit rating then you will be able to get a low rate from HSBC auto finance. If you have a lower credit rating your interest rate will be higher.
There are several good ways to finance a boat purchase. If the boat is new, someone would have a better chance of getting a lower finance rate. Also, getting a small loan and paying on the boat with the most money you can will keep your finance rate down.
An American veteran looking for a lower finance rate would be best to do his research in all venues to get the best chance of finding the best deal. He should call his bank or financial institution, as well as competitors.
That all depends on your credit score. Companies tend to offer loans of lower interest rates to individuals they deem at lower risk of defaulting on a loan. If you have a very good credit score then yes you should be able to finance a loan with a good interest rate.
Effect of interest rate on consumer finance?
If you signed your contract, more than likely the finance company is not going to change the APR rate. But, on the other hand if the finance company is a direct lender.. then you can try to refinance with the current lender or another lender to get a lower APR rate - depending on your credit rating at the time.
Bad credit finance is at a higher interest rate upwards of 15%, sometimes closer to 30%. Lower rates are hard to find with bad credit.
Sure. But unless you are getting a far lower interest rate it's not worth the trouble. Possible but not practical
In finance, the rate of return is a profit from an investment whereas the set rate determines the profit. For example, if an investor receives 10% for every $100 invested then the rate of return would be $10.00.
Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.
interest rate option