What is the best method of financing a vehicle? I found a car that I really wanted to buy and had to determine if the best way to finance it was through a personal loan or an auto loan. I started doing some research on the interest rates on the different loans and reading all of the requirements for each. I found out that I could either pay a higher interest rate for a personal loan or a lower interest rate and higher insurance premiums on an auto loan. So, which way is the best way to go? My blog can help you figure that out.