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Which of the following is true about automobile loans? A. They all carry the same interest rate. B. The term is usually shorter for used cars than for new ones. C. Only automobile loans have acceleration
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1 vote
Which of the following is true about automobile loans?

A. They all carry the same interest rate.
B. The term is usually shorter for used cars than for new ones.
C. Only automobile loans have acceleration clauses.
D. The longer the term the lower the interest rate the borrower will pay.

User Yash Sampat
by
7.4k points

2 Answers

2 votes
c is the correct answer
User Jglasse
by
8.5k points
3 votes

Answer:

c is wrong, just took this.

User Toad
by
7.9k points
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