1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ! t. n) y6 M3 `1 t: G1 u/ m2) Depends on your credit history and credit score. 7 S; O' J& C+ M3) Depends on your relationship with the financial institution.: N% G: S7 \8 n
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ) M. b" R6 Y& @5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.