Car financing through a dealership can be categorized into Hire Purchase and Leasing. Hire Purchase requires no down payment, offering close to 'zero' upfront costs, though the interest rates are generally higher. Leasing, on the other hand, usually requires several months of advance payments. A personal loan is when you apply for a loan directly from a bank or finance company with installment repayment options. Buyers can choose the loan amount according to their needs and compare interest rates from various banks, offering greater flexibility.