1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. & ~: _1 B- K/ o( k9 \, ^3 i2) Depends on your credit history and credit score.: I) U8 c5 D' V- C7 f/ ~
3) Depends on your relationship with the financial institution. 8 N5 g& [1 Y0 c4) The only advantage you have is that you pays the cash, and can discount that from the seller.0 j# M3 U9 r7 L3 ^
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.