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1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.: r+ P; t B% \, S
2) Depends on your credit history and credit score.
, H% G; f: Q5 `4 M3) Depends on your relationship with the financial institution." G- f& _ _8 ?( t) G; V$ Y- {2 P
4) The only advantage you have is that you pays the cash, and can discount that from the seller.
, |2 ]. `! M% _0 V+ f: l9 E4 W, {5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck. |
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