1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.; E A' `% W! ~" J P
2) Depends on your credit history and credit score.2 w* O$ d" l( F @
3) Depends on your relationship with the financial institution.( p; R7 V, u! o: }* v. ]
4) The only advantage you have is that you pays the cash, and can discount that from the seller. ( \0 e8 k- n# P0 p5 p% ~5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.