1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. + Z3 d) q, T2 |: a2) Depends on your credit history and credit score. 6 @7 `# w \# P6 P# R3) Depends on your relationship with the financial institution. 0 E" D; l- U R5 k4) The only advantage you have is that you pays the cash, and can discount that from the seller.* |8 c' I9 i- ?( p
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.