1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. & j5 Q* j, f8 ]- A4 N7 F2) Depends on your credit history and credit score. ' I" c- `7 J* W5 u" R$ o- Y3) Depends on your relationship with the financial institution.+ a- \- n9 i; }, s) z
4) The only advantage you have is that you pays the cash, and can discount that from the seller.8 d9 x! _- X; E) a
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.