Why was the reported rate on motor vehicle loans historically higher for a finance company than a

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Why was the reported rate on motor vehicle loans historically higher for a finance company than a commercial bank? Why did this change in 1997?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:41 AM

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Why was the reported rate on motor vehicle loans historically higher for a finance company than a

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Presumably because finance companies generally attract a riskier class of ...View the full answer

Financial Markets and Institutions

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