1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.4 v0 C2 Z1 l0 w. p! M" [
2) Depends on your credit history and credit score. * @2 H* J+ h+ P; F4 \5 g3) Depends on your relationship with the financial institution. 2 B6 R3 C" H) t7 y$ ^" K4) The only advantage you have is that you pays the cash, and can discount that from the seller.: ]' |! p; {$ v! X
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.