1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security., h. z) { M; l* h( u6 z/ [5 Z
2) Depends on your credit history and credit score.& D2 k9 m. V( }& C* }2 @: J1 k
3) Depends on your relationship with the financial institution. 3 P, v9 j! F5 u3 u( u( o5 ^4) The only advantage you have is that you pays the cash, and can discount that from the seller.& a& x$ [' ]5 ~$ N5 z
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.