Can You Use A Personal Loan To Buy A Car -

Sarah got the car title immediately because the loan was not secured by the vehicle.

The higher interest rate made her monthly payments larger. can you use a personal loan to buy a car

Personal loans let you buy any car, from any seller, with no age or mileage restrictions on the vehicle. Sarah got the car title immediately because the

She financed the full purchase price without paying cash upfront. ⚠️ The Trade-offs She Faced (The Cons) She financed the full purchase price without paying

Sarah needed a reliable car for her new commute. She found a perfect used Honda Civic sold by a private owner for $12,000. Because the seller was an individual and not a dealership, traditional dealership financing was not an option. Sarah decided to apply for a personal loan through her local credit union.

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Her interest rate was 11%, whereas a secured auto loan might have been 6%.