1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.3 t, q: y) l+ D, u1 K& ^! E: L0 V
2) Depends on your credit history and credit score. 8 m$ g" b6 D3 e7 O3) Depends on your relationship with the financial institution. 1 l/ N. J0 ?( x: G& ~4) The only advantage you have is that you pays the cash, and can discount that from the seller.; L2 A" o# o- ~1 t
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.