1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. # T( `6 y* I5 K# H6 O2) Depends on your credit history and credit score. 8 E' B8 t, W2 U1 l) q6 J8 V2 Y1 N3) Depends on your relationship with the financial institution.9 v# M; I) N p" ~3 @1 P! m' d
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ' p5 ]5 B9 v3 z9 A5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.