1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 8 G& F* _4 o0 k' \6 o$ I2) Depends on your credit history and credit score.; s9 |9 n) N' b8 b; v; J9 k
3) Depends on your relationship with the financial institution. & |0 D2 Q; w, ^* Z: u. k4) The only advantage you have is that you pays the cash, and can discount that from the seller. * X R7 p; |. |4 ]4 s. v7 L5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.