1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. & ~- ~8 _$ t0 {" r2) Depends on your credit history and credit score.( N M% R' Q7 ?/ c" n+ U
3) Depends on your relationship with the financial institution.$ u: r+ i, }: T1 P5 G: P9 Q, h
4) The only advantage you have is that you pays the cash, and can discount that from the seller.3 v" d3 Q6 f0 Z: z4 D, x5 W
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.