1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.: U2 i2 a7 h, L4 S0 |
2) Depends on your credit history and credit score. 0 `3 n% T/ ~/ M* _1 b) j3) Depends on your relationship with the financial institution. / u& Y" v2 { \# |3 P7 V4) The only advantage you have is that you pays the cash, and can discount that from the seller. 9 T* d+ A8 y9 g! B1 Z5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.