1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. : N" B l8 `9 \! @+ _4 c2) Depends on your credit history and credit score.* o/ |" Y, R% r* @( @0 i
3) Depends on your relationship with the financial institution. - A! R0 k- d7 W! M4) The only advantage you have is that you pays the cash, and can discount that from the seller. & p D, P! J/ v$ {6 `/ ^5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.