1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.6 o$ _) v9 h5 s, z* S5 a( n
2) Depends on your credit history and credit score. " s4 P$ {8 M7 z2 P! Z4 l3) Depends on your relationship with the financial institution.; G2 Q. x3 _5 Q% }& g
4) The only advantage you have is that you pays the cash, and can discount that from the seller.8 O' ~" o- e0 Y0 w/ U' [& p' Z5 @
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.