1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) l7 E1 r }" T6 H2) Depends on your credit history and credit score. L1 G$ U3 m9 b& w& P8 j# l3) Depends on your relationship with the financial institution." f* @5 J* i! }6 `# p& h
4) The only advantage you have is that you pays the cash, and can discount that from the seller.8 M9 e) N1 ~, u& @$ k2 @
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.