1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.8 J' Q& \+ @. U
2) Depends on your credit history and credit score. D: k/ L1 t$ C3 e- o; e
3) Depends on your relationship with the financial institution. ( B; j, [+ a: V# U e: j4) The only advantage you have is that you pays the cash, and can discount that from the seller.; y( r$ v9 G _' S! S# n
5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.