1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 1 C$ j: a& D$ F! X3 v3 I. {- t2) Depends on your credit history and credit score. + E8 b1 j1 y) J3) Depends on your relationship with the financial institution.0 H8 P' N6 Z' b3 X6 B
4) The only advantage you have is that you pays the cash, and can discount that from the seller.# Q0 W# X8 a8 [- `+ d. Z4 r( B9 e) j, H# Q
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.