1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. % Y1 p. y( e6 a! [# O: H+ a2) Depends on your credit history and credit score. 4 h; F" U3 M9 x' u4 @) m4 l% `3) Depends on your relationship with the financial institution.* F; N: x* D7 i; o) \7 I1 s
4) The only advantage you have is that you pays the cash, and can discount that from the seller." b8 K4 F9 V4 f9 c( H& C: i/ S& L
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.