I am in the process of buying a new car and am checking out my payment options.  I have not completely decided on getting a car loan through the dealer.  I know that there are many other options available.

I could just get a cheap loan from my bank which may end up costing less than a car loan.  I could also go for an unsecured loan, which could end up costing even less, but would depending heavily on my credit rating – which isn’t so good at the moment.  I could borrow money from my parents, interest fee, but this would put them out and make me feel less independent.  It also would do nothing to help with my credit rating, which isn’t that good considering I’ve never borrowed money before.

I guess in the end, what it comes down to is what is best for me in the long run – and getting me into the driver’s seat of my new car the quickest.