1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. , M& E( x9 @0 u) |4 M( ~2) Depends on your credit history and credit score.6 P1 t4 y: X6 E0 i. L
3) Depends on your relationship with the financial institution. 8 Z; s f B, N1 i# E3 H4 z! A4) The only advantage you have is that you pays the cash, and can discount that from the seller. . @, [; H! A( O! J' R p) N5 Y I5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.