1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.' @9 l; F* M( {& R
2) Depends on your credit history and credit score.* u R+ Y4 O% y* P, j) N
3) Depends on your relationship with the financial institution.' [: R7 U; f, P+ k3 A
4) The only advantage you have is that you pays the cash, and can discount that from the seller.- D7 E ^4 ]. A
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.