1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. 1 B0 T% c2 B; |. f8 q! {. N) h2) Depends on your credit history and credit score. ; T6 v k0 p q: H4 n" R3) Depends on your relationship with the financial institution. $ \+ \0 F! f( e, c. T# z4 u. C4) The only advantage you have is that you pays the cash, and can discount that from the seller. 6 I) W$ W4 X1 l! m/ W5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.