1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 1 n! E6 a1 B, u2 a2) Depends on your credit history and credit score. ' D6 W0 |. j) K. R" \# x3) Depends on your relationship with the financial institution. & @7 H* _( [ ?" J: ?/ A4) The only advantage you have is that you pays the cash, and can discount that from the seller.- j1 ?" S3 E9 F4 g+ j
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.