1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.# N9 m# G# Z) n; @* h5 F
2) Depends on your credit history and credit score. * ^0 p' u1 o2 k" G' J" V& }3) Depends on your relationship with the financial institution.$ l v8 x# _7 @7 `$ M8 Z# U; {
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 2 V$ T7 B2 W$ G. M0 r$ @. A5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.