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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.
8 L( B% G! S% N& A2) Depends on your credit history and credit score.2 I( [7 U- f; T, a' `
3) Depends on your relationship with the financial institution.
; r: z) d( L9 d, G) K8 Q; I4) The only advantage you have is that you pays the cash, and can discount that from the seller.
, t/ Y; X: _1 W$ v, d. U: j9 @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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