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When you lease a vehicle you are basically renting it for a period of time and financing a vehicle through a bank means you are purchasing the vehicle for personal ownership. The lease rate may be lower than a bank loan because it is short term ownership.
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∙ 12y ago
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Where can consolidation loan rates be compared?
There are several places one can compare consolidation loan rates. These websites include Bank Rate, Loan Consolidation, Lending Club, FinAid, and Lending Tree.
What is The Effective Interest Rate On Lease Arrangement?
As the equipment lease arrangement is not a loan, there's no interest rate. You're paying rental for the use of the equipment over a pre-determined period. You aren't repaying a loan.
How would one apply for a personal loan?
The best way to apply for a personal load is through the bank that you currently use, especially if you have a good banking history with them, you are likely to get a better interest rate on your loan compared to a bank with which you have no previous history.
Are loans online better than a traditional bank loan?
The interest rate will determine whether an online loan or bank loan is your best bet. Either way, opt for a fixed-rate loan, and not one whose rate is variable.
Can you define base rate and portion in business terms?
bank base rate is rate at which bank give loan .
how does "bank of the west" rate. did it get a bail out loan.?
Customer reviews are not favorable, but bank of the west did not get a bail out loan.
What is plus mod balance in bank loan?
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
What is the PLR rate of bank for home loan?
prime lending rate
What is a concessional interest rate?
An interest concession is a reduction, compared with commercial interest rates, in the interest rate charged on a loan taken out. Such concessions are typically provided directly by a government agency or by a government grant to a lending bank (in the case of a commercial loan).
If the federal sells a treasury bond to a bank what will be the effect on the interest rate the bank charges its customers for a loan?
The interest rate will increase since there are fewer available funds for the bank to loan.
How does a person go about refinancing their car?
Refinancing one's car is a risky way to lower the interest on a car loan. The best way to get a lower rate is to see a loan officer at a credit union or small bank which may purchase the car from the lease holder to offer a better rate.
What will be the effect on the interest rate the bank charges its customers for a loan if the bank buys a Treasury Bond from the Federal Reserve?
The interest rate will increase since there are fewer available funds for the bank to loan.
