The Review of Economics and Statistics Vol. 51 No. 4 1969
The Cost of Financing Automobile Purchases
Abstract
HE relationship of finance charges to T terms of consumer installment contracts (such as loan size and maturity) and to regional variables has been well established in the literature [8] [12]. Our study demonstrates the importance of the characteristics of the borrower, particularly his overall wealth position, in determining the cost of credit. Although this study examines the determinants of automobile finance rates, the general results should be applicable to the financing of other consumer durables.
- DOI
- 10.2307/1926438
- Volume
- 51
- Issue
- 4
- Pages
- 459
- Sources
- openalex crossref