Exactly How may be the interest for car finance determined? A Fin24 user would like to know what determines her interest on the car finance as she intends to trade-in her vehicle and use for refinancing. She writes: I do want to purchase another automobile and trade in my own present vehicle. I would really like to understand what determines my interest rate to my car finance. Can the dealerships charge me personally high interest rate as opposed to an interest that is realistic? That will be safer to purchase with – a balloon re payment or otherwise not? Rudolf Mahoney from Wesbank advises: Rates of interest on car loans are personalised, because of the last price being predicated on […]