1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.; B# @8 l! O1 n8 r
2) Depends on your credit history and credit score.$ T. ]. i& P6 k6 U4 _$ s
3) Depends on your relationship with the financial institution./ A' b' c& d1 x' G2 c. k+ ^ E
4) The only advantage you have is that you pays the cash, and can discount that from the seller. 1 @3 C* p$ J! F' j: k/ I5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.