wow!...I've never had a new car...all my cars have been used...that might be about to change...as I research into loans for vehicles (mine seems about to die, but, don't worry, I won't do the switch before the old one is RIP)...anyway, what I have found so far is this: you're better off taking your loan directly from the dealership, because: 1. most banks will only loan you for the purchase of a new car, and they'll only finance up to 90% of the value of the car...2. if buying a new car, the banks will give you interest rates starting at 7.77% (if you have at least 20% of the total value of the car to give as a downpayment)...and they'll give you up to 60 months to repay...for used cars? They finance only up to 80% of the value, interest rates start at 13.5% and you get 48 months to pay...oh! and the car cannot be older than 3 years...This means that the actual difference between the monthly payment for a new car and a used car will be about $40...

Not that any of this matters at the time, because I don't have the money anyway, but, I thought it's good to start researching ....