1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.% U" i5 G# H3 f* {
2) Depends on your credit history and credit score." f2 I+ `) f; |# K
3) Depends on your relationship with the financial institution. ! U5 o7 H6 t+ |: ]- y4) The only advantage you have is that you pays the cash, and can discount that from the seller.- }2 V! j1 |8 c, e
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.