1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.( y: K) U, l4 ?. U/ P0 {1 k
2) Depends on your credit history and credit score. ]8 A5 R9 c( X, p" r+ C8 E3) Depends on your relationship with the financial institution. - h: N% T; M! A6 L4) The only advantage you have is that you pays the cash, and can discount that from the seller. 0 N; M+ R$ g( W$ l4 @5 P5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.