1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.2 U* K- `7 c4 v6 Z- T) \
2) Depends on your credit history and credit score. ) s- S; K! y6 n% K/ t+ M! F0 ]3) Depends on your relationship with the financial institution.) H: a2 |! P R
4) The only advantage you have is that you pays the cash, and can discount that from the seller.' d$ ]5 R; Q! L
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.