1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. + f* L7 L" n. u2 r0 e2) Depends on your credit history and credit score.8 S$ Y9 y5 E1 r8 r( ?
3) Depends on your relationship with the financial institution.) o3 M1 {' e/ f5 o
4) The only advantage you have is that you pays the cash, and can discount that from the seller.3 U0 Q( g- G# J
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.