1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 6 W- G, c! l* l3 U2) Depends on your credit history and credit score.8 b$ O! C! s% `3 ~' Q& Y( e; e
3) Depends on your relationship with the financial institution. $ \# U# i2 @8 r: U8 P8 M4) The only advantage you have is that you pays the cash, and can discount that from the seller. : h. H/ {. F, i+ y: `8 c5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.