1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.4 v W; D8 u3 S% O/ r5 v
2) Depends on your credit history and credit score.1 l3 v8 A9 k/ j2 m7 S- ~
3) Depends on your relationship with the financial institution.- S. C& n2 }" [# ^
4) The only advantage you have is that you pays the cash, and can discount that from the seller. " U; u, Y) W9 [3 c$ B7 T5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.