1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 3 X9 p; {( O5 `8 P3 V2) Depends on your credit history and credit score.1 J6 l! i8 M; w
3) Depends on your relationship with the financial institution.9 e1 W( @. a' B7 T3 H* G
4) The only advantage you have is that you pays the cash, and can discount that from the seller. $ r' J* z/ g8 u0 N5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.