1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.% {$ D! W, J0 w
2) Depends on your credit history and credit score. ; d; Y- |! @# ]% O, D* d1 U3) Depends on your relationship with the financial institution. 2 C5 T! _9 L3 v: u/ R! N# _& a7 J4) The only advantage you have is that you pays the cash, and can discount that from the seller. ! V8 o- Z6 \+ v ~5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.