1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. - v: w K- v$ i" |6 Q$ X8 D2) Depends on your credit history and credit score.; ]" [2 s( U: K
3) Depends on your relationship with the financial institution. Q" n' U. y! G7 v! C# ?( |% P
4) The only advantage you have is that you pays the cash, and can discount that from the seller.- a; P4 r( M. b2 L o, [ |/ c
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.