1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.! W' S# R Z7 H6 A
2) Depends on your credit history and credit score. 5 H/ _2 a' s& A) H+ Y6 S! X; a3) Depends on your relationship with the financial institution. ! E! g( C& n) N3 c3 h8 P4) The only advantage you have is that you pays the cash, and can discount that from the seller. 3 v1 P' w, c4 m5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.