1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 8 V. ]. d8 Y) M6 r( P9 E" g8 \& z2) Depends on your credit history and credit score.- _' ?) y2 y9 I" [# E/ n
3) Depends on your relationship with the financial institution. ; l, H# a# D! E+ n4) The only advantage you have is that you pays the cash, and can discount that from the seller. 1 Q: M: W& |0 J, W' w( o5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.