1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. - Z k8 |* Z/ K2) Depends on your credit history and credit score. ( {" b" M$ F l- A+ H; q6 \3) Depends on your relationship with the financial institution. 3 {* X* O; ] P# O' c$ }. g4) The only advantage you have is that you pays the cash, and can discount that from the seller. # Z7 }; d: ?( I" y4 Q% a5 q$ |5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.