However, borrowers must understand the key differences between a car loan and a personal loan. Typically, the loan taken to finance a new vehicle is a car loan. However, borrowers must understand the key differences between a car loan and a personal loan. Secured versus unsecuredLet’s jump to the basic difference between a car loan and a personal loan. To sum up, if you have the margin money, or your credit score is low then go for a car loan.

Source: The Telegraph October 20, 2019 19:07 UTC