1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. : |+ s2 S8 s' a2) Depends on your credit history and credit score.7 q. ~+ l6 H4 K4 i# h/ x
3) Depends on your relationship with the financial institution.4 w. F5 d7 s2 M7 k
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ! C1 ]/ ?3 G: q$ a0 O+ a+ q$ l: [9 h5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.