1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security." f% I3 {8 W# _% i
2) Depends on your credit history and credit score.# B4 G }! E u. G0 S u
3) Depends on your relationship with the financial institution.* k& b' G) T. T
4) The only advantage you have is that you pays the cash, and can discount that from the seller. - m! S! M3 G; K. L5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.