You should get an auto loan for a car, rather than a personal loan. Auto loans typically have APRs between 3% and 7%, while personal loans APRs usually range between 5% and 36%. Therefore, auto loans are the cheapest option, and the only reason you wouldn't want to use an auto loan is if you're willing to pay more to have your loan be unsecured. Normally, with auto loans, if you can't pay the loan off, your car can be repossessed.
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