NAM asked:
Why do consumers tend to make long term purchase when interest rates are high? When interest rates r low what r the alternative financial options where they get better return?
I am from non-finance background ,pls give me a lucid explanation.
Hi Richard ,didnt get u.can u explain more clearly?
Glenda
Why do consumers tend to make long term purchase when interest rates are high? When interest rates r low what r the alternative financial options where they get better return?
I am from non-finance background ,pls give me a lucid explanation.
Hi Richard ,didnt get u.can u explain more clearly?
Glenda
Kathryn
It depends on how old you are.
If you are 80 a 30 year mortgage is a life time.purchase. At age 20 it’s not very long.
The same for a 3 to 5 year car loan. It’s all a mater of age.
Most people can’t purchase these items without some kind of loan.