1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.0 @! [* U- f5 ?
2) Depends on your credit history and credit score. & n; H& q8 W& A3) Depends on your relationship with the financial institution.. C- a" o! |" s5 z4 ]
4) The only advantage you have is that you pays the cash, and can discount that from the seller. . M' `1 C: |) N! u6 l5 L7 u5 ?1 c3 M5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.