The difference is huge. You should consider a car loan exactly as a loan for buying a car because you cannot buy anything else with this money. If you take a regular loan from a bank, you can spend the money on whatever you want. However, with auto loan rates excellent credit, this will not work. This is the main difference. It is car loans that have conditions that personal loans do not have. Of course, you can take a regular loan and use it to buy a car.
Nevertheless, you will not have such favorable conditions in this case because, in the case of 36 month auto loan rates, you will receive the most favorable conditions for buying a car. Using a conventional loan to buy a car is not the best idea since car loans are designed specifically for cars and the difference in lending will be huge. Therefore, when buying a car, we advise you to take 53 auto loan rates. If you take a regular loan from a bank and spend it on buying a car, the bank will be able to find out about it. At the same time, other companies allow their users to manage money the way they want.