1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) Q+ W; m" G8 a" V' w2) Depends on your credit history and credit score. 4 h7 O, }/ x) ]9 C3) Depends on your relationship with the financial institution. m; e. l: r4 b: E6 }7 v+ S
4) The only advantage you have is that you pays the cash, and can discount that from the seller.2 b3 N, R- m( D
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.