1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security., |: s- A( c. }. Z9 H
2) Depends on your credit history and credit score. ' g' P. C. L! B! N5 Q& X0 s3) Depends on your relationship with the financial institution. M6 J* _. ~* }- u8 }
4) The only advantage you have is that you pays the cash, and can discount that from the seller.( p2 p! b w$ X1 N) ?' ^& g9 J
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.