With a traditional auto loan, you pay principal and interest throughout the loan term. (ifsautoloans.com)
Credit cards come with much higher average APRs than traditional auto loans, which is another reason to not purchase your car using a card. (valuepenguin.com)
Because you're a high - risk borrower, lenders might be less lenient about late or missed payments than with a traditional auto loan. (creditsesame.com)