1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.: \9 e ~' h' N/ M# H) D. n$ g& B
2) Depends on your credit history and credit score. ! e- {( ]( Q8 ^; }4 e3) Depends on your relationship with the financial institution.) ?+ `# |* o" ~% y' _, G
4) The only advantage you have is that you pays the cash, and can discount that from the seller." ?$ w, t8 _ H4 M* r& a. E5 Y
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.