1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.2 F/ U4 f& T6 Q/ o7 v! C
2) Depends on your credit history and credit score. B# y( [1 f# ~3) Depends on your relationship with the financial institution.' N5 u0 B, Q) Y4 X
4) The only advantage you have is that you pays the cash, and can discount that from the seller.; K9 [7 y1 U- t! [
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.