1) The car has to be within 7 years old to enjoy a reasonably good rate with car used as security. - T. ], a9 |- n% e2) Depends on your credit history and credit score. " y+ [4 i0 ?2 d3) Depends on your relationship with the financial institution. ' R% }9 m& s& h1 l4) The only advantage you have is that you pays the cash, and can discount that from the seller. ) _! m1 x8 z3 I! X# t5) For cars more than 7 years old, the interest can be significantly higher because the collateral value is hard to assess. Good luck.