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Here is the story of Sarah, who used a personal loan to buy her vehicle, illustrating how it works, the benefits, and the drawbacks. 🚗 Sarah's Car Buying Story

Defaulting on a personal loan won't result in auto repossession, but it will severely damage your credit score.

She could buy from a private seller without dealership red tape.

Sarah met the seller, handed over a cashier's check, and drove away with the car and the physical title in her hand. ⚖️ Why Sarah Chose a Personal Loan (The Pros)

Her interest rate was 11%, whereas a secured auto loan might have been 6%.

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