1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.5 ]3 H8 f8 S3 y
2) Depends on your credit history and credit score. + v; c0 `; O( D. ~% p- q+ D5 W3) Depends on your relationship with the financial institution.3 n1 u0 P+ G1 }. p1 n5 I' }/ V1 z. d
4) The only advantage you have is that you pays the cash, and can discount that from the seller.5 K5 e% f" j+ |2 ^" }6 X
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.