1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.: R6 N. z1 B6 e9 ?6 q/ K6 U
2) Depends on your credit history and credit score. ' h" [ N1 D+ ^* W8 E# v. r8 |: ^3) Depends on your relationship with the financial institution. 2 b( J+ ]# R# v3 I+ Q& l: H5 n4) The only advantage you have is that you pays the cash, and can discount that from the seller.' e! ]2 `9 u% d5 p/ L* B4 Q
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.