1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.: w2 d0 D$ Z/ C( }7 ~, [
2) Depends on your credit history and credit score.1 _; B( M7 w. ~) }$ ]- h9 G
3) Depends on your relationship with the financial institution. 7 Y& V* h9 f' P! n2 V5 ^4) The only advantage you have is that you pays the cash, and can discount that from the seller.% i7 I4 |/ B G- C9 l* K; I
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.