Auto loans are offered for the new as well as used cars. You can easily find a good auto loan for new and used car by different companies. The used car loans are high in demand. There are many options to get the use auto but the best option is to get this loan plan from some private party.  The private party does not involve any dealer so you can also safe some of your money using this loan plan. You can contact them through the internet or by some ad published in newspaper. However the used auto loans are a bit risky as compare to new car loans. You should check the condition of the car and check the market value of the car. This will help you to know that the used car loans are justified. They should not be very high or the interest rate which do not go with the condition or the market value of the car.

There are many used car loans for the people who have no credit history. As the people who are new with the loan term so they prefer to go or the used car loans for no credit.They find it safe to start with it as these loan plans go with their budget. There is no special requirement for the people who do have any bad credit history. There is some possibility that the lender can ask about some security but it is not necessary with all the lenders. The security is demanded by some lender.

Another popular type of loan is same day auto loans. As the name says this loan plan is for the costumer who want to get their own car within the same day. Applying for this loan plan you can get the auto loan on the same day. This loan plan is also offered for the new as well as used car. But if you are contacting to the private party then there are less chances of getting the loan plan on the same day so it is better to contact some loan company.