Can I Use A Personal Loan To Buy A Car (VALIDATED)

For most, a standard auto loan is cheaper. However, a personal loan is the better "story" in these specific scenarios:

Banks often refuse auto loans for cars over 10 years old or with 100k+ miles. A personal loan has no such restrictions on the vehicle's age or condition. can i use a personal loan to buy a car

Most personal loans cover 100% of the cost, whereas some auto loans require 10%–20% down. ⚠️ The Trade-Offs Can You Use a Personal Loan to Buy a Car - TD Bank For most, a standard auto loan is cheaper