1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.) l4 D! m! ~( R E. [! K8 ?
2) Depends on your credit history and credit score. * q3 F( p* D" R s3) Depends on your relationship with the financial institution. 5 S0 B V/ F5 c0 k1 m4) The only advantage you have is that you pays the cash, and can discount that from the seller.6 N# X. c/ h1 r B+ e2 K
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.