1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. + f. `5 C3 T' O& H; m2) Depends on your credit history and credit score.1 B: K% R% I0 z S" n+ `
3) Depends on your relationship with the financial institution.7 @- u; X" x1 |. n% t2 B4 q
4) The only advantage you have is that you pays the cash, and can discount that from the seller.& T# u- S6 ?: ?# r+ W& G
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.