1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. " y& j2 ^6 x/ |7 d0 A; B8 B" \2) Depends on your credit history and credit score. 0 ~. p, }8 ^! z* }7 }: a3) Depends on your relationship with the financial institution. # D9 U' m9 T8 k4 r: ~4 Y4) The only advantage you have is that you pays the cash, and can discount that from the seller. R+ l ~7 L1 P9 }: F4 I [
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.