1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.! P# t3 x# K" n4 }' h A
2) Depends on your credit history and credit score. L* L5 A5 c! J$ i* D
3) Depends on your relationship with the financial institution. : l" l. E) p3 T0 s0 e: j4) The only advantage you have is that you pays the cash, and can discount that from the seller. 2 e/ D$ x1 @8 I r5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.