1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.8 d, v/ O4 @: ~/ O1 q1 a( ?
2) Depends on your credit history and credit score. 9 S8 y9 D" w! y9 p, ?3) Depends on your relationship with the financial institution.6 q* B. N* S, i2 s) M5 A; X
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 7 D$ E) ^3 I3 h3 O5 j# `! T5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.