1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. . w4 h2 Q6 y3 R& A, Z5 ?+ x ~2 E( f* d2) Depends on your credit history and credit score.2 M# `4 ?/ l! ]6 f, G# [
3) Depends on your relationship with the financial institution.* r1 h- u" k: z4 C" L
4) The only advantage you have is that you pays the cash, and can discount that from the seller. % ]$ ~9 M8 p' v; V Q6 D2 E5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.