1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 4 K! t: l* ?' o. g4 K' O& O2) Depends on your credit history and credit score.) ^4 k& O/ H% s9 I1 B. c" w2 }
3) Depends on your relationship with the financial institution. ! ~0 g( Z! `8 V# }" K. W9 n( _4) The only advantage you have is that you pays the cash, and can discount that from the seller. & L+ k( P' d- C Q0 E C; b( j8 D5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.