1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.# N5 @& r2 S; X4 q+ Q
2) Depends on your credit history and credit score.2 C- g: X! ~. m/ a2 P/ y' M% w
3) Depends on your relationship with the financial institution.- @9 o9 ? }4 u
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 7 M. [! N& p' i$ i; M& @& d& x) e5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.