1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) Z8 t1 N4 N8 E/ c) F2) Depends on your credit history and credit score.$ L( E8 K0 X& I* X+ X
3) Depends on your relationship with the financial institution. : R4 k a- K5 n4 R4) The only advantage you have is that you pays the cash, and can discount that from the seller. & b1 o) m6 e, e' p5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.