1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.' O* o& ?3 K/ S9 d
2) Depends on your credit history and credit score. d9 K, o7 g, ~0 k3) Depends on your relationship with the financial institution. 1 @/ F& j& O7 t0 I4) The only advantage you have is that you pays the cash, and can discount that from the seller. + K% k8 I* I$ x u6 h* T, b5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.