1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.; g$ U! P8 I0 z0 j
2) Depends on your credit history and credit score./ [) r c `* R5 H3 ?7 J
3) Depends on your relationship with the financial institution. , `8 S2 Q6 M, B1 F- ?) d. m4) The only advantage you have is that you pays the cash, and can discount that from the seller.$ y" k! `. L1 Z( m0 i: m+ U
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.