1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ( X9 g8 f8 A9 w5 J/ `$ |, z2) Depends on your credit history and credit score.$ H# A8 z9 l* |% ?& Y8 p; d
3) Depends on your relationship with the financial institution./ j4 J! Q2 d* t8 ]$ p2 A
4) The only advantage you have is that you pays the cash, and can discount that from the seller./ {5 e" v* w7 Z# ^# h6 A
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.