1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. , \9 j2 @ W2 w: Q( D. j9 F2) Depends on your credit history and credit score.; w: w" m4 N' H h; f6 k
3) Depends on your relationship with the financial institution.* u/ w* W$ G# F& \3 I) c
4) The only advantage you have is that you pays the cash, and can discount that from the seller.% E' Q, k/ ~; v, u+ H
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.