1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. " J3 X. v1 T8 _ E) M) H2) Depends on your credit history and credit score. 0 Q7 C+ _, i2 m. d, O) D% d7 j3) Depends on your relationship with the financial institution." k5 e" q( M: D0 {6 G D
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ' W; c5 X8 R( Y8 Y. Z; z5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.