1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. " U& G5 y, p. o Z) A2 T2) Depends on your credit history and credit score., Y8 c/ F; l! e( o# y
3) Depends on your relationship with the financial institution. 7 P1 y6 u X1 D3 M w4 W4) The only advantage you have is that you pays the cash, and can discount that from the seller.8 H" |0 T# h, s( h% [+ 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.