1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. + U$ d4 [ k, ]5 E* I1 M9 W- X( O2) Depends on your credit history and credit score. , p# r* n! y) w9 u3) Depends on your relationship with the financial institution.5 `% ?$ ]: s5 s* S9 \6 n O1 z- a
4) The only advantage you have is that you pays the cash, and can discount that from the seller. " [: d4 T$ L. J5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.