1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.& o- |8 ^$ A9 a; D4 u' E0 Q
2) Depends on your credit history and credit score.+ L- w1 E( U9 n
3) Depends on your relationship with the financial institution.9 i, d7 L( _) [* q( V9 l2 Q
4) The only advantage you have is that you pays the cash, and can discount that from the seller.* q0 H. t) W" _, p4 N 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.