For low and middle class income individuals purchasing a brand new car seems to be impossible. That’s why it’s more practical to buy a used car. Although cheap, there are times that others don’t have cash to buy used cars up front. This is why people resort to apply used auto loans.
As I have said buying second-hand cars are more practical, not only because its affordable but also because you can get loans for these cars at lower interest rates. Most of the time, you can find the exact same car you want even if it’s pre-owned. Used cars are often in pristine condition and low mileage at fairly low prices compared to the sticker price of a brand new car.