If you are thinking of buying a car and you are bothering about the finances then a car loan would cater to the exact loan type, which you are looking for. Car loan is being designed to meet the exact loan type, which you are looking for. A car loan can be differentiated as an unsecured car loan, personal car loan, adverse credit car loan etc.
In an unsecured car loan you will not have to risk your property. But you may have to pay little bit higher rates, as the risk associated to the lenders is high in this case. Since the collateral is absent in this case, the loan gets processed faster. The loan terms are shorter in this case as compared to a secured loan. This loan option would be certainly better if you don't want to have a risk of repossession.
If you have an adverse credit history then you can seek an adverse credit loan, which will help you to seek a loan even if you have an adverse credit history. No matter that how many CCJs, defaults, bankruptcy etc. are against your name. You can seek a car loan and improve your credit history as well.
You can also seek a cheap car loan, which you can get after a thorough research work by meeting different lenders. There is variety of car loan options, which has been made according to your needs. You need to know the rates offered by the different lenders and then come out with a conclusion that which loan option you should go for.