1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.# k4 c7 j# A- P- v- _
2) Depends on your credit history and credit score. 5 K: q1 M% }" T9 h3) Depends on your relationship with the financial institution.& h: R8 N2 H: U* y
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ( z3 O. a, {; c0 l% G5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.