1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) o/ \. B& X1 K0 H2 {2) Depends on your credit history and credit score. 9 I2 U& M5 s- T5 \3) Depends on your relationship with the financial institution.7 d/ p/ L( N1 U
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ; X9 Q. [0 B. k. a* R5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.