Question
You (or your parents) are purchasing a used car. Which interest rate do you use?
Type
New
(Secured)
Used
(Secured)
New
(Unsecured)
Used
(Unsecured)
APR (%)
4.50
6.30
5.02
6.35
(1 point)
Responses
4.50%
4.50%
6.30%
6.30%
5.02%
5.02%
6.35%
Type
New
(Secured)
Used
(Secured)
New
(Unsecured)
Used
(Unsecured)
APR (%)
4.50
6.30
5.02
6.35
(1 point)
Responses
4.50%
4.50%
6.30%
6.30%
5.02%
5.02%
6.35%
Answers
GPT-4o mini
When purchasing a used car, you would typically use the "Used (Secured)" interest rate. In the provided options, that rate is:
**6.30%**
**6.30%**