1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. " E8 u+ {* V% }' J! }+ K9 G2) Depends on your credit history and credit score. 2 R1 |8 D% v! h6 ^- t) W" m# Z3) Depends on your relationship with the financial institution. 8 J* h% y; a7 g& s9 K' [" L4) The only advantage you have is that you pays the cash, and can discount that from the seller. 8 x( J1 c* ^$ J k" j4 A5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.