1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.) p& W& K$ ~6 i
2) Depends on your credit history and credit score. n/ r( w/ F% |8 X; |' G! s, k3) Depends on your relationship with the financial institution.. [7 r0 r8 a, F! ]- R3 y) p
4) The only advantage you have is that you pays the cash, and can discount that from the seller. * u) o2 p8 V) ]) G5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.