1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 4 b; D$ X% p4 N$ s; x: O2) Depends on your credit history and credit score." v# ^( @4 j- d
3) Depends on your relationship with the financial institution. 7 V: O1 q5 @, ~! D1 N4) The only advantage you have is that you pays the cash, and can discount that from the seller.- o# ?" A2 r0 l7 u. S
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.