While it's possible to use a personal loan to buy a car, it’s likely not your best financing option. An auto loan typically offers lower interest rates, so it could cost you less than a personal loan. But there are some circumstances where a personal loan could make sense — for instance, if you're buying a car that's too old or has too many miles to qualify for a traditional car loan. Here's a closer look at personal loans vs. auto loans so you can choose the best strategy for your next vehicle. How per ...