1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. , t4 Z. k9 f1 a7 y6 E8 ~; r4 K0 O2) Depends on your credit history and credit score. , ?) e5 z1 \/ R0 L3 x3) Depends on your relationship with the financial institution. 9 Y- |; D# b- i6 |" O/ [3 P4) The only advantage you have is that you pays the cash, and can discount that from the seller.3 k5 J X4 j1 I5 E9 A( ]5 c$ f
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.