1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ( p6 I4 L1 U9 e/ I' g1 _) w3 @5 M( a2) Depends on your credit history and credit score.6 ]* A' w$ Y# K6 f* u# h; C1 D! O
3) Depends on your relationship with the financial institution.+ T( `2 c6 [8 x. K
4) The only advantage you have is that you pays the cash, and can discount that from the seller.0 l0 b0 y# x( M) E2 H9 C5 s
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.