1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.' J ^$ M( Z' n9 o6 }3 z8 H
2) Depends on your credit history and credit score.: F7 [) K( V) x8 s$ g
3) Depends on your relationship with the financial institution. ; R2 e* t. B, ^. I3 \; A8 ~8 k4) The only advantage you have is that you pays the cash, and can discount that from the seller.2 T, E1 P, g4 w* k. ~* d
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.