1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.6 c7 I9 x) {' W
2) Depends on your credit history and credit score. - g' W% ~# v# g$ v$ K' J6 b, a+ a3) Depends on your relationship with the financial institution.% u4 ~$ C/ I7 r; S! h' Q
4) The only advantage you have is that you pays the cash, and can discount that from the seller.+ X* V* _$ @& s7 g& ^) \( n; d9 R
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.