1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.5 w' F! z$ Y5 m ^
2) Depends on your credit history and credit score. # f2 D- u" [+ ?. y: u3) Depends on your relationship with the financial institution.- A) G7 c7 d( ]# y' o+ c
4) The only advantage you have is that you pays the cash, and can discount that from the seller. o+ `4 p7 E/ G: q1 K, z, P5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.