1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.8 X' X v7 [" M" ]7 k
2) Depends on your credit history and credit score. + y) V. v6 L, m* {* b( S. U8 I1 {/ `3) Depends on your relationship with the financial institution. & m% `1 y4 L4 n& [5 Z5 U- `4) The only advantage you have is that you pays the cash, and can discount that from the seller.* ]+ ] i/ }: n! E3 z
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.