1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. i3 s3 m9 E$ Y" q7 x ?3 Q2) Depends on your credit history and credit score.- V: M6 O3 G* g! a7 j P: d8 ?+ D. T
3) Depends on your relationship with the financial institution. * y4 m4 a1 q$ p4) The only advantage you have is that you pays the cash, and can discount that from the seller. 4 t. L+ }) F3 {# D6 D$ s5 n5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.