1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.$ B5 u" G" X, v/ g
2) Depends on your credit history and credit score. ( ]5 x" B6 X( @9 `- x3) Depends on your relationship with the financial institution.) b4 Y0 u2 f3 x7 Y6 n& ^
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 1 E, u$ k2 n5 t4 U2 s+ u, l5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.