1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. - U$ \1 V/ }9 C3 E# n2) Depends on your credit history and credit score.# ]$ E# V$ h* Z7 S8 [; k5 x
3) Depends on your relationship with the financial institution. " Z2 n T5 \! d7 @1 e4) The only advantage you have is that you pays the cash, and can discount that from the seller.. l7 Z3 B. n, o; n# G
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.