1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ( S6 C7 o9 m# a! a/ C! R' X/ W& h2) Depends on your credit history and credit score. ' S7 q) ^ [3 I9 g3 E `3) Depends on your relationship with the financial institution.* C& x3 ~; g* t1 @2 ?
4) The only advantage you have is that you pays the cash, and can discount that from the seller. * Q% W4 _8 _; o9 ]5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.