1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security./ t4 V3 G1 C1 u8 ?* {! X
2) Depends on your credit history and credit score. " _% i. P+ U! }; C; ~* `9 n$ `8 e% B) q3) Depends on your relationship with the financial institution./ t; o: f! O+ i! y+ m
4) The only advantage you have is that you pays the cash, and can discount that from the seller.9 t+ N; E) s5 H- j/ x! G N! c, C8 i" l& 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.