1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. * I1 }6 d$ K/ y8 _! { `" |2) Depends on your credit history and credit score. 6 p0 z/ e6 l0 \. n A3) Depends on your relationship with the financial institution. - h) U! S% r* ^; \4 H- C4) The only advantage you have is that you pays the cash, and can discount that from the seller. - X* r( N! Z$ m2 `& b5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.