1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.3 ^. I n2 n: @1 ]5 E o
2) Depends on your credit history and credit score. . X3 e3 m# q- ~5 _3) Depends on your relationship with the financial institution.. B" f- f9 W% \
4) The only advantage you have is that you pays the cash, and can discount that from the seller.9 f, z$ X3 a0 d( e3 w+ r
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.