1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 4 \# f5 m, r; G: O8 [2) Depends on your credit history and credit score.( e5 ~) Y* R3 ?; X! P$ P
3) Depends on your relationship with the financial institution. / \3 y+ ~; G- z' ]; P9 E1 H4) The only advantage you have is that you pays the cash, and can discount that from the seller. 5 j' \2 h+ H( x2 P. @0 Y/ [$ L9 m5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.