1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. / B. h J2 l8 W" y3 @: \2) Depends on your credit history and credit score.1 p; U$ b0 F- {' J- Q
3) Depends on your relationship with the financial institution. J1 W0 b$ {( _% {; \ \/ a, B, Z8 P
4) The only advantage you have is that you pays the cash, and can discount that from the seller." s' P O4 g0 I' k
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.