1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 2 ~4 m! ?" i& S! ?3 B4 B( K# w2) Depends on your credit history and credit score.3 P2 {# Q$ f( d$ O
3) Depends on your relationship with the financial institution. + y' R6 r7 i1 T# A4) The only advantage you have is that you pays the cash, and can discount that from the seller.- A! ~- `$ u9 w2 t O
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.