1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.7 `1 y5 D& v! X% q( r3 M
2) Depends on your credit history and credit score. # O. ~. j1 D3 Q: _) |/ }" p9 k- J, e3) Depends on your relationship with the financial institution.7 `2 t' y( B9 ~0 W z: Z" M, N: w% L$ F
4) The only advantage you have is that you pays the cash, and can discount that from the seller.3 {. [+ M- `9 S- U3 w
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.