Which lender offers the best rate

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Reference no: EM131306061

In the box "Compare Auto Loan Rates" on the Web site www.bankrate.com/auto. aspx, under "purchase new car rates" click "36 months." Enter your state and city or ZIP Code, click "36 month new car loan," and click "Search" to answer the following questions:

a. Which lender offers the best rate?

b. What fees and conditions are attached to this rate?

c. Do the same search, only this time for a 36-month used car loan. Who has the lowest rate?

d. What are the conditions attached to the rate in "c" above?

e. Why do you think the rates are different on a new car versus a used car loan for the same period of time?

Reference no: EM131306061

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