1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. # w1 ?+ v, e Z3 w2) Depends on your credit history and credit score. $ B3 ]+ E3 @1 t3) Depends on your relationship with the financial institution.2 B# y5 I" m! p6 y
4) The only advantage you have is that you pays the cash, and can discount that from the seller.) q/ ~4 Q o0 `+ V0 f
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.