1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.2 ?9 _- O+ m3 ?9 Q
2) Depends on your credit history and credit score. - F4 [5 h3 M3 }3 Y8 c4 o3) Depends on your relationship with the financial institution.% S( j+ ^1 U& Y. K( W
4) The only advantage you have is that you pays the cash, and can discount that from the seller.: o" N7 c, R# g
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.