1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security., F" W7 ?+ m& H- w
2) Depends on your credit history and credit score.6 M' i. B, s$ B
3) Depends on your relationship with the financial institution., b2 z! c) c5 w
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ! X8 u" \( o4 ` W% }+ [5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.