1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. + K/ t3 R& X$ t) w, G! a2) Depends on your credit history and credit score.+ {$ B- j `' F8 M* {' g0 W
3) Depends on your relationship with the financial institution.0 q0 n. [9 o6 |: t9 C$ s
4) The only advantage you have is that you pays the cash, and can discount that from the seller. * s5 G J: _! j5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.