1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.4 p, d0 o9 e" ~$ k
2) Depends on your credit history and credit score.' l- x/ P) W, u; _3 t! H% T2 F
3) Depends on your relationship with the financial institution. 8 d6 F/ C* c' `: l9 D- s4) The only advantage you have is that you pays the cash, and can discount that from the seller. ! D, I* H- i: M( Y- Y2 _5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.