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What is the difference between fixed- and variable-rate auto financing?

  • Listed: August 12, 2022 2:23 pm
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What is the difference between fixed- and variable-rate auto financing?

Fixed-rate financing means the interest rate on your loan does not change over the life of your loan. Variable-rate financing is where the interest rate on your loan can change, based on the prime rate or another rate called an “index.”

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Listing ID: 74262f662442c8ca

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