1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. * S$ t# Z2 ~ P- ?% L. G2) Depends on your credit history and credit score. 4 E* z9 t+ |6 U5 h3) Depends on your relationship with the financial institution.9 s" f; Y; m$ O: C+ J& }2 t
4) The only advantage you have is that you pays the cash, and can discount that from the seller.6 D9 s3 Y2 V: ~$ X* u# e# n
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.