1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. & I6 X* o3 P8 `' P4 z2 s2) Depends on your credit history and credit score. + {3 ^+ Z9 N3 ~5 E, B E3) Depends on your relationship with the financial institution.# [' C* ]( S! M8 j2 R0 I% H- \
4) The only advantage you have is that you pays the cash, and can discount that from the seller.6 c, p2 M+ e" E' ~; B5 ], R
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.