1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.7 K! T; o9 D. D$ y8 ]9 F8 K' j
2) Depends on your credit history and credit score. - `& K+ y9 m+ Z( z8 {, R5 n) z* S3) Depends on your relationship with the financial institution. " ?6 |4 h) w: d7 [8 Q3 n a, f4) The only advantage you have is that you pays the cash, and can discount that from the seller. 9 {7 G# E; K/ X8 p; w8 o7 i/ \5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.