1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.4 b% _& `& F" K+ _4 X* [# p
2) Depends on your credit history and credit score.; `2 j8 V4 [( y% g" S
3) Depends on your relationship with the financial institution. % }2 ~6 s7 i# `8 ?8 ~; Z y4) The only advantage you have is that you pays the cash, and can discount that from the seller. % z1 ~$ K: J) h9 R- }$ m5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.