The condition of getting a car loan depends upon several factors. Not only the type of the car is applicable but your source of finance, credit score, valid identity proof and the amount of down payment are also important. In case of having a good credit score, you may get a car loan easily on buying any of the affordable new cars.

While consumer loans from reputable online lenders can be good options for many borrowers, you first visit your local credit union when shopping for loans. Most credit unions offer flexible loan terms and lower interest rates than online lenders, especially for people with bad credit.

To get a secured loan, you'll pledge some sort of collateral, which the credit union can take if you fail to make your payments. You don't need to pledge your house, car, or jewelry cash secured loans use money in your account to help you get approved. A cosigner can also help you get approved.