1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.- u5 K6 M5 Z% V0 ~
2) Depends on your credit history and credit score. ( j' T1 b9 {2 D3) Depends on your relationship with the financial institution.: T ~) b+ ~9 o8 ^% z
4) The only advantage you have is that you pays the cash, and can discount that from the seller. , ~: B+ i8 i$ r7 j! M% Q5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.