1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ! u/ I; ]1 R/ |0 Q% K2) Depends on your credit history and credit score. / X. D- h* k: W" g" o4 e3) Depends on your relationship with the financial institution.7 U" P' A, v8 a6 U3 i' k$ ?- V
4) The only advantage you have is that you pays the cash, and can discount that from the seller., X0 Q/ }& y8 I" _& F( @$ B
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.