1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 3 r+ h4 U4 J. z! O/ V0 B& a& ~% y2) Depends on your credit history and credit score.7 q! o' a3 w' v8 G
3) Depends on your relationship with the financial institution.# T: F5 ?5 B+ N3 W
4) The only advantage you have is that you pays the cash, and can discount that from the seller.% f K% \9 c) X7 Y, N
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.