1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. : Z. h# F' V ^- ~2) Depends on your credit history and credit score.5 G2 i( h4 N- U
3) Depends on your relationship with the financial institution. . ~1 C' G( p% u4 U% A P2 ?0 \$ P. J4) The only advantage you have is that you pays the cash, and can discount that from the seller. " g4 _& u3 w" Z5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.