GET A USED CAR LOAN

There are 2 basic types of used car loans. The first is when purchasing from a dealer. The second is when buying from a private party. Most banks will NOT lend money on a car that is more than 4 or 5 years old. Banks charge at least 2% higher APR on used car loans than they do for new car loans. Online lenders are much cheaper. Their used car loan rates are closer to new car loan rates. Make sure your credit score is at least 680, then as a prime borrower, and you can choose the lowest APR. If your credit is bad and if you're in too deep, maybe now is not the time to buy a car.