1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) p* f( s+ o) V5 `* Y% S( z2) Depends on your credit history and credit score.: f6 O/ T, Y+ x
3) Depends on your relationship with the financial institution. 7 i6 Q5 C. R! }, N- w7 L% V4) The only advantage you have is that you pays the cash, and can discount that from the seller. ; u! E- r4 d p* L; v5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.