1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 8 b& \8 n7 |! a3 t1 q4 v6 m( A# j5 h5 f2) Depends on your credit history and credit score. . ^) `, @& b1 G) g o- M7 E V3) Depends on your relationship with the financial institution.7 y p2 u u! F/ C
4) The only advantage you have is that you pays the cash, and can discount that from the seller.) k: \! F/ J6 r5 N
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.