1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 2 P1 r3 w0 z8 u5 W# i3 m/ b# g2) Depends on your credit history and credit score.) i6 A- w, M& s. G, d
3) Depends on your relationship with the financial institution.; ?8 ~6 t3 \ m" U+ M* ^
4) The only advantage you have is that you pays the cash, and can discount that from the seller." u' v5 G+ L( W2 o* {. p
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.