1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 5 E/ p! {- Z% T5 l7 Z2) Depends on your credit history and credit score. - {; \/ k# C, I, v6 `* g9 D& w6 x3) Depends on your relationship with the financial institution. `; D/ ?/ T/ V6 X3 r7 J2 s
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 6 i: g# w3 L. b1 u5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.