1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 3 _* Y$ G& T; D2 M2) Depends on your credit history and credit score.1 \8 ^+ U$ _' S# W( F1 M9 w, u# `
3) Depends on your relationship with the financial institution. ( ^9 h) r8 v2 C" h# }7 i4) The only advantage you have is that you pays the cash, and can discount that from the seller.. x- G: H! a5 n9 x$ B: P2 X7 M( x
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.