1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. ) s! d+ S, m! f' |* `. l: Q8 @2) Depends on your credit history and credit score., i9 B$ m5 D, ]$ W0 r4 x
3) Depends on your relationship with the financial institution.$ L: F/ x/ d( a
4) The only advantage you have is that you pays the cash, and can discount that from the seller." a/ Y; O3 E+ T' O* J
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.