1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.4 p& {4 V$ R; y& E! v# Q& v Z
2) Depends on your credit history and credit score.) j0 T! X* w9 h: _! d1 B8 V
3) Depends on your relationship with the financial institution.6 B0 n1 U0 H0 ^3 l; u4 h
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 5 k: b- D4 n- {+ i% d$ X5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.