1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. - J0 L( B* S" o& w# b9 p2) Depends on your credit history and credit score.% W+ T& w0 r8 `' f7 Q
3) Depends on your relationship with the financial institution. % {& e& o9 w1 B! y% F4) The only advantage you have is that you pays the cash, and can discount that from the seller. , r; D1 y' S% \6 d1 F: ^5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.