1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security.8 V& t, r: s) L' l$ |1 S% B; x
2) Depends on your credit history and credit score.* D" q$ D, F! ?+ @$ J8 e, ^ I
3) Depends on your relationship with the financial institution. : E' I2 ]( L& y G2 ?' u0 _4) The only advantage you have is that you pays the cash, and can discount that from the seller. 7 p. W5 ^/ x3 t' S6 u4 D5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.