1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.' a% u: c2 G) \& c; K
2) Depends on your credit history and credit score.9 E% `2 N/ g$ @
3) Depends on your relationship with the financial institution. ( u$ u4 a% r" V$ j4 J4 A }, V4) The only advantage you have is that you pays the cash, and can discount that from the seller.( x5 c$ t) X, D9 ~. w! R
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.