PERSONAL LOAN OR CAR LOAN?

i am about to take a loan from the bank to buy a car, but i can’t motionless that loan to take, the car loan needs a initial remuneration that all i have :S
what do you think?
personal loan or car loan?

{ 2 comments }

billy.sivier5as@btinternet.com April 3, 2014 at 5:23 am

personal loans normally have better interest rates

N April 3, 2014 at 6:16 am

A personal loan is unsecured and usually has a higher interest rate and probably requires very good credit.

A car loan requires good credit but is secured by the car. Far more people can get a car loan than a personal loan.

Id go with the lower rate.

If you don’t know the above, chances are you don’t qualify for a personal loan. But even if you do, go with the lower rate.

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